SB 1214: Personal income taxes: deductions: qualified teacher: professional development expenses.

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in computing adjusted gross income under that law, including deductions for payments to individual retirement accounts, alimony payments, and interest on educational loans.

This bill, for each taxable year beginning on or after January 1, 2019, 2020, and before January 1, 2024, 2025, would allow as a deduction from gross income an amount equal to the amount paid or incurred, up to $2,500, for teacher professional development expenses by a qualified taxpayer during the taxable year for no more than 3 taxable years. The bill would provide that the deduction amount is $0 for each taxable year beginning on or after January 1, 2019, 2020, and before January 1, 2024, 2025, unless otherwise specified in any bill providing for appropriations related to the Budget Bill. The bill also would require the Legislature to review the deduction before January 1, 2024. 2025.

This bill would take effect immediately as a tax levy.