08E7AB2646CF9599872587F80003EF6D Hearing Summary

Representative Rich, prime sponsor, presented House Bill 22-1126. For tax years 2022 through 2026, the bill creates a state income tax credit of up to $500 for eligible educators that teach kindergarten through twelfth grade and classroom paraprofessionals that incur certain out-of-pocket classroom expenses. The credit amount is equal to the educator's qualifying classroom expenses in excess of the $250 deduction allowed on their federal income tax return, but not exceeding $750. The tax credit is refundable, meaning if the amount exceeds the taxpayer's state income tax liability, the balance is refunded to the taxpayer. Eligible educators filing a joint income tax return may each claim the full credit. She responded to questions from the committee.

The committee continued to discuss the bill with the sponsor. Ed DeCecco, representing the Office of Legislative Legal Services, came to the table to respond to committee questions.

Representative Rich wrapped up her presentation of the bill and asked for a favorable recommendation.

Members of the committee commented about their positions on the bill.