S.B. 40
128th General Assembly
(As Introduced)
Sens. Schaffer, Wagoner, Gibbs, Grendell, Roberts, Turner, Hughes, Coughlin, Schuring, Stewart
BILL SUMMARY
· Grants a nonrefundable income tax credit of up to $100 for teachers who purchase classroom instructional materials, including materials for home schooling.
CONTENT AND OPERATION
(R.C. 5747.08, 5747.71, and 5747.98)
The bill permits teachers, including "home school" teachers, to claim a personal income tax credit for amounts they spend for classroom instructional materials. The maximum credit amount allowed is $100 per year. The credit is nonrefundable, meaning that if the credit is more than the net amount of tax due with the teacher's annual tax return, the difference is not refunded.
To qualify for the credit, a teacher must be licensed to teach a grade between kindergarten and twelfth grade or must be a "home school" teacher qualified to provide home instruction under Ohio law, and must use the instructional materials for classroom instruction.[1] Materials are not disqualified just because they are used from time to time by individual students or groups of students, but they are disqualified if they are given to or used only by individual students unless the student is a home schooled student and is the only student in the classroom. (The bill defines "classroom" to include a setting where a student is home schooled as authorized under Ohio law.)
The credit may be claimed for taxable years beginning in 2009 and subsequent years. (Section 3.)
HISTORY
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ACTION |
DATE |
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Introduced |
02-10-09 |
s0040-i-128.docx/kl
[1] Educators also may claim a federal income tax deduction of up to $250 for certain expenses paid for books, supplies, computer equipment, and other materials used in the classroom, but not for home schooling expenses. The deduction is scheduled to expire at the end of 2009. (Internal Revenue Code sec. 62(a)(2)(D).)