SB868 - Creates a tax credit for teachers' related out-of-pocket expenses

SB 0868

Creates a tax credit for teachers' related out-of-pocket expenses

Sponsor:	Shields
LR Number:	3046S.01I	Fiscal Note:	3046-01
Committee:	Ways and Means
Last Action:	01/20/04 - Hearing Conducted S Ways & Means Committee		Journal page:
Title:
Effective Date:	August 28, 2004

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Current Bill Summary

SB 868 - This act creates an individual income tax credit of up to $250 for instructional materials purchased by a teacher used in the course of that teacher's employment. The credit will apply to tax year 2005 and thereafter. The Department of Revenue is authorized to promulgate rules to govern the details of this credit.

This act is similar to HB 1222 (2002) and SB 94 (2003).
JEFF CRAVER