TAX CREDIT FOR TEACHERS FOR PURCHASING SCHOOL SUPPLIES
House Bill 4261
Sponsor: Rep. Paul Condino
Committee: Tax Policy
Complete to 8-26-03
A SUMMARY OF HOUSE BILL 4261 AS INTRODUCED 2-20-03
The bill would amend the Income Tax Act to provide public school teachers with a refundable tax credit, up to $350, equal to the cost of classroom supplies purchased during the tax year. Classroom supplies would include books, video tapes, computer programs, art supplies, decorative materials, supplies for experiments, rewards, related equipment, and similar materials.
MCL 206.269
_____________________________________________________________________________________________________________________
This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.