The bill amends Minnesota Statutes 2022, section 290.0686, to expand the eligibility criteria for the credit available to teachers who attain a master's degree. Specifically, it adds special education as an eligible master's degree program alongside existing qualified teacher's licensure fields. The definition of "master's degree program" is updated to include programs in special education, and the credit can now be claimed by qualified teachers who complete a master's degree in either a core content area or special education.

Additionally, the bill clarifies that a qualified teacher must hold a teaching license either at the start of their master's program or within six months of receiving it. The credit remains capped at $2,500 or the amount spent on tuition and related expenses, and it can only be claimed once per completed master's degree program. The changes will take effect for taxable years beginning after December 31, 2022.

Statutes affected:
Introduction: 290.0686