Contact: Lindsey Ross, Senior Press Secretary
STATEHOUSE (Jan. 31, 2019) – A bill authored by State Sen. Jeff Raatz (R-Richmond) that would expand the tax credit teachers can receive for buying classroom supplies recently passed the Senate Committee on Education and Career Development by a unanimous vote.
Senate Bill 362 would increase the income tax credit for classroom supplies from $100 to $500 per year for teachers as well as superintendents, principals, librarians, and school counselors and psychologists.
In 2016, nearly 41,000 teachers claimed a tax credit for classroom supplies, and of those, 94 percent claimed the maximum $100.
“Out of the goodness of their hearts, our teachers are spending their own money to make sure Hoosier students have the supplies they need during the school year,” Raatz said. “If passed, this bill would help ensure the teachers in our state receive the reimbursement they deserve.”
SB 362 would allow for reimbursement of classroom supplies purchased since Jan. 1, 2019. Additionally, if passed by the Senate and House of Representatives and signed into law by Gov. Holcomb, the bill would take effect immediately.
SB 362 will now move to the Senate Committee on Tax and Fiscal Policy.
For a high-resolution photo of Sen. Raatz, click here.