Eligible Educator Supplies Tax Credit
Concerning a state income tax credit related to eligible educators' personal expenses.
2020 Regular Session
Education & School Finance (Pre & K-12)
Fiscal Policy & Taxes
Currently, under the federal educator expense deduction, an eligible educator can claim a deduction, not to exceed $250, for the purchase of school supplies and certain professional development courses.
The bill creates a state income tax credit for an eligible educator for the purchase of school supplies that qualify for the deduction that exceeds $250 but are less than $750. The amount of the credit that exceeds the educator's income taxes is refunded to the educator.
(Note: This summary applies to this bill as introduced.)