Bill Text
 

 
 
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-sixth Legislature                  First Regular Session - 2001
 
 
                              IN THE HOUSE OF REPRESENTATIVES
 
                                     HOUSE BILL NO. 329
 
                                   BY EDUCATION COMMITTEE
 
  1                                        AN ACT
  2    RELATING TO INCOME TAX CREDITS; AMENDING CHAPTER 30, TITLE 63, IDAHO CODE,  BY
  3        THE  ADDITION  OF A NEW SECTION 63-3029O, IDAHO CODE, TO PROVIDE AN INCOME
  4        TAX CREDIT FOR THE PURCHASE OF CLASSROOM SUPPLIES BY A TAXPAYER WHO  IS  A
  5        CERTIFICATED  PUBLIC  SCHOOL TEACHER; DECLARING AN EMERGENCY AND PROVIDING
  6        RETROACTIVE APPLICATION.
 
  7    Be It Enacted by the Legislature of the State of Idaho:
 
  8        SECTION 1.  That Chapter 30, Title 63, Idaho Code, be,  and  the  same  is
  9    hereby  amended by the addition thereto of a NEW SECTION, to be known and des-
 10    ignated as Section 63-3029O, Idaho Code, and to read as follows:
 
 11        63-3029O.  INCOME TAX CREDIT FOR CLASSROOM SUPPLIES PURCHASED BY A  PUBLIC
 12    SCHOOL TEACHER -- LIMITATION. (1)   Subject to the applicable limitations pro-
 13    vided  herein,  for  income  tax years beginning on and after January 1, 2001,
 14    there shall be allowed at the election of the taxpayer, as  a  credit  against
 15    the income tax imposed by chapter 30, title 63, Idaho Code, an amount equal to
 16    one hundred  percent (100%) of the aggregate amount of classroom supplies pur-
 17    chased  by  such taxpayer during the year for use in the classes taught by the
 18    taxpayer in the public schools of  Idaho,  or  four  hundred  dollars  ($400),
 19    whichever  is  less.  If taxes due are less than the total credit allowed, the
 20    taxpayer shall be paid a refund equal to the balance of the unused credit.
 21        (2)  In order to claim the credit pursuant to this section,  the  taxpayer
 22    shall  be  an Idaho certificated teacher assigned as instructional staff of an
 23    accredited public school in Idaho, including an Idaho public  charter  school,
 24    and  the  taxpayer shall not have been reimbursed by the school or school dis-
 25    trict for purchase of the classroom supplies.
 26        (3)  If the credit is not claimed for the year in  which  the  income  tax
 27    return is filed, the right thereafter to claim such credit shall be forfeited.
 28        (4)  The  state tax commission may promulgate rules as necessary to imple-
 29    ment the provisions of this section.
 
 30        SECTION 2.  An emergency existing  therefor,  which  emergency  is  hereby
 31    declared to exist, this act shall be in full force and effect on and after its
 32    passage and approval, and retroactively to January 1, 2001.

Statement of Purpose / Fiscal Impact
 

 
                        STATEMENT OF PURPOSE
 
 
                            RS 11184
 
The purpose of this legislation is to provide an income tax

credit for the purchase of classroom supplies by a taxpayer who

is a certificated public school teacher; declaring an emergency

and providing retroactive application.
 
 
 
 
                            FISCAL IMPACT
 
The fiscal impact of this legislation would be less than
 
$8,000,000.
 
 
 
 
 
Contact
Name:   Rep. Kent Higgins
Phone:  208-332-1000