SB 30, introduced by Sen. Randolph, would expand the tax credit for teachers for purchase of classroom supplies from $100 to $500. The related fiscal note estimates that this would decrease State tax revenues by between $5.9 million and $15.5 million annually. If I understand the note correctly, the lower bound is the amount claimed by teachers under a similar federal provision that’s capped at $250. It’s assuming that the $250 cap more or less lets teachers claim everything they’re spending. The upper bound of $15.5 million basically assumes that the teachers currently claiming $250 have enough expenses left over that they could max out a $500 credit as well.
I’m generally of the opinion that teachers shouldn’t have to pay for classroom materials out of pocket. So an increase in the credit sounds like a good idea. And, if we then learn that teachers are subsidizing our education system to the tune of $15.5 million per year, we should raise the credit again.