Print Friendly HOUSE BILL NO. 329 – Teachers/purchase supplies/tax cred
HOUSE BILL NO. 329
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TEACHERS - INCOME TAX CREDIT - Adds to existing law to provide an income
tax credit for the purchase of classroom supplies for use in public school
classes taught by a taxpayer who is a certified public school teacher.
02/23 House intro - 1st rdg - to printing
02/26 Rpt prt - to Rev/Tax
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 329
BY EDUCATION COMMITTEE
1 AN ACT
2 RELATING TO INCOME TAX CREDITS; AMENDING CHAPTER 30, TITLE 63, IDAHO CODE, BY
3 THE ADDITION OF A NEW SECTION 63-3029O, IDAHO CODE, TO PROVIDE AN INCOME
4 TAX CREDIT FOR THE PURCHASE OF CLASSROOM SUPPLIES BY A TAXPAYER WHO IS A
5 CERTIFICATED PUBLIC SCHOOL TEACHER; DECLARING AN EMERGENCY AND PROVIDING
6 RETROACTIVE APPLICATION.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. That Chapter 30, Title 63, Idaho Code, be, and the same is
9 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
10 ignated as Section 63-3029O, Idaho Code, and to read as follows:
11 63-3029O. INCOME TAX CREDIT FOR CLASSROOM SUPPLIES PURCHASED BY A PUBLIC
12 SCHOOL TEACHER -- LIMITATION. (1) Subject to the applicable limitations pro-
13 vided herein, for income tax years beginning on and after January 1, 2001,
14 there shall be allowed at the election of the taxpayer, as a credit against
15 the income tax imposed by chapter 30, title 63, Idaho Code, an amount equal to
16 one hundred percent (100%) of the aggregate amount of classroom supplies pur-
17 chased by such taxpayer during the year for use in the classes taught by the
18 taxpayer in the public schools of Idaho, or four hundred dollars ($400),
19 whichever is less. If taxes due are less than the total credit allowed, the
20 taxpayer shall be paid a refund equal to the balance of the unused credit.
21 (2) In order to claim the credit pursuant to this section, the taxpayer
22 shall be an Idaho certificated teacher assigned as instructional staff of an
23 accredited public school in Idaho, including an Idaho public charter school,
24 and the taxpayer shall not have been reimbursed by the school or school dis-
25 trict for purchase of the classroom supplies.
26 (3) If the credit is not claimed for the year in which the income tax
27 return is filed, the right thereafter to claim such credit shall be forfeited.
28 (4) The state tax commission may promulgate rules as necessary to imple-
29 ment the provisions of this section.
30 SECTION 2. An emergency existing therefor, which emergency is hereby
31 declared to exist, this act shall be in full force and effect on and after its
32 passage and approval, and retroactively to January 1, 2001.
STATEMENT OF PURPOSE
The purpose of this legislation is to provide an income tax
credit for the purchase of classroom supplies by a taxpayer who
is a certificated public school teacher; declaring an emergency
and providing retroactive application.
The fiscal impact of this legislation would be less than
Name: Rep. Kent Higgins
STATEMENT OF PURPOSE/FISCAL NOTE H 329