MN SF2574

Expands the existing teacher master's degree tax credit to include special education master's degrees, which were previously excluded if they contained pedagogy components.

Creates a new category of "eligible newly licensed teacher" who can claim up to $2,500 credit for earning a Tier 3 or Tier 4 teaching license for the first time, or earning an additional license in a shortage area.

Limits the master's degree credit to actual tuition, fees, books, and instructional materials paid by the individual without employer reimbursement or scholarships, rather than a flat $2,500.

Restricts master's degree programs to those directly related to the teacher's licensure field and area of direct classroom instruction.

Effective for taxable years beginning after December 31, 2022.