The bill amends the existing law regarding tax benefits for teachers by increasing the income tax deduction allowed for a teacher's classroom investment. Specifically, it raises the maximum deduction from five hundred dollars ($500) to one thousand dollars ($1,000) per taxpayer. Additionally, for taxpayers who are married and filing jointly, the deduction limit increases from one thousand dollars ($1,000) to two thousand dollars ($2,000), provided that both individuals are teachers.

Furthermore, the bill establishes that the new deduction limits will take effect for tax years beginning on or after January 1, 2025. This change aims to provide greater financial support to teachers for their classroom expenses, recognizing the important role they play in education.

Statutes affected:
Old version HB1732 Original - 3-10-2025 04:55 PM: 26-51-459(c)
Old version HB1732 V2 - 3-18-2025 10:38 AM: 26-51-459(c)
HB 1732: 26-51-459(c)
Act 878: 26-51-459(c)