The proposed bill amends the Income Tax Act of 1967 by adding a new section that allows certain taxpayers to claim a tax credit for classroom supplies. Specifically, for tax years beginning on or after January 1, 2026, teachers and full-time school administrators can claim a credit equal to 50% of their expenses for classroom supplies, with a maximum of $2,000 for single filers and $4,000 for joint filers. The bill defines "classroom supplies" to include a variety of educational materials such as books, computer programs, equipment, art supplies, and other related items.

Additionally, the bill stipulates that if the credit exceeds the taxpayer's tax liability, the excess amount will not be refunded. It also provides definitions for key terms such as "administrator," "classroom supplies," "school," and "teacher," ensuring clarity on who qualifies for the credit and what expenses are eligible. This initiative aims to support educators by alleviating some of the financial burdens associated with purchasing classroom materials.

Statutes affected:
House Introduced Bill: 206.1, 206.847