SB 20 – Creates a tax credit for teachers' related out-of-pocket expenses

• Sponsor: Shields
• LR Number: 0432S.01I
• Committee: Education
• Last Action: 2/1/2005 - Hearing Conducted S Education Committee
• Effective Date: August 28, 2005

Current Bill Summary

SB 20 - 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), SB 94 (2003) and SB 868 (2004).

JASON ZAMKUS