H.249 is a bill introduced to create an income tax deduction for expenses related to home study programs for dependents in Vermont. The bill amends current law by adding a provision that allows taxpayers to deduct up to $1,000 of qualified expenses incurred for a dependent enrolled in a home study program. These qualified expenses include costs for educational instruction, materials, equipment, software, and computer hardware necessary for the home study program, whether conducted in person or through distance learning.

Additionally, the bill clarifies that the purpose of this deduction is to provide financial assistance to Vermonters who offer home study programs to their dependents. The effective date of the act is set to be retroactive to January 1, 2025, applying to taxable years beginning on or after that date. The bill also includes a deletion of a previous provision regarding federal deductions related to cannabis cultivation and a clarification on the definition of taxable income.

Statutes affected:
As Introduced: 32-5811, 32-5813