HB103: Income tax, state; deduction for eligible educator qualifying expenses.

Legislative Summary

Income tax deduction; eligible educators. Provides for taxable years 2022, 2023, and 2024 an income tax deduction of the lesser of $500 or the actual amount paid or incurred by an eligible educator, defined in the bill as an individual who for at least 900 hours during the taxable year served as a Virginia licensed teacher, instructor, student counselor, principal, special needs personnel, or student aide for public or private primary or secondary school students in Virginia, for qualifying expenses, defined in the bill as expenses incurred for participation in professional development courses and the purchase of books, supplies, computer equipment (including related software and services), other educational equipment, and supplementary materials used directly in service to Virginia students as an eligible educator. Income tax deduction; eligible educators. Provides for taxable years 2022, 2023, and 2024 an income tax deduction of the lesser of $500 or the actual amount paid or incurred by an eligible educator, defined in the bill as an individual who for at least 900 hours during the taxable year served as a Virginia licensed teacher, instructor, student counselor, principal, special needs personnel, or student aide for public or private primary or secondary school students in Virginia, for qualifying expenses, defined in the bill as expenses incurred for participation in professional development courses and the purchase of books, supplies, computer equipment (including related software and services), other educational equipment, and supplementary materials used directly in service to Virginia students as an eligible educator.