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OH SB146
Bill
Status
4/12/2011
Primary Sponsor
Timothy Schaffer
Click for details
AI Summary
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Establishes a nonrefundable personal income tax credit for teachers in kindergarten through grade 12 and home school instructors who spend their own money on instructional materials, with a maximum credit of $100 per taxable year.
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Defines "instructional material" as material used for general classroom instruction, excluding items given solely to individual students unless the student receives home-based instruction under Ohio law as the only student in the classroom.
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Requires the teacher's instructional material credit to be claimed after 16 other specified credits but before adoption and other remaining credits in the tax credit order outlined in section 5747.98.
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Applies to taxable years beginning on or after January 1, 2011.
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Excludes the new instructional material credit from "business credits" for pass-through entities filing single returns under section 5747.08.
Legislative Description
To allow a credit against the personal income tax for amounts spent by teachers for instructional materials.
Income tax-tax credit-teacher expenditures for instructional materials
Last Action
To Ways & Means & Economic Development
4/12/2011