NC H1119

Allows classroom teachers to claim an income tax credit for purchasing school supplies and instructional materials for classroom use, with a maximum credit of $250 per year.

Eligible teachers include those employed by local school boards, charter schools, regional schools, nonpublic schools meeting state requirements, and certain state departments (Public Instruction, Health and Human Services, Juvenile Justice, and Adult Correction).

Tax credit cannot exceed the taxpayer's total tax liability for the year after accounting for all other allowable credits, except for tax payments made on the taxpayer's behalf.

Unused portions of the credit may be carried forward for up to five succeeding years.

Effective for taxable years beginning on or after January 1, 2014.