Bill Text: CA AB2088 | 2011-2012 | Regular Session | Introduced

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Bill Title: Personal income taxes: credit: STEM teachers.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-04-09 - Referred to Com. on REV. & TAX. [AB2088 Detail]

Download: California-2011-AB2088-Introduced.html

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BILL NUMBER: AB 2088	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Bonilla

                        FEBRUARY 23, 2012

   An act to add and repeal Section 17053.51 of the Revenue and
Taxation Code, relating to taxation, to take effect immediately, tax
levy.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2088, as introduced, Bonilla. Personal income taxes: credit:
STEM teachers.
   The Personal Income Tax Law allows various credits against the
taxes imposed by that law.
   This bill would, for taxable years beginning on or after January
1, 2013, and before January 1, 2018, allow a credit in the amount of
either $1,000 for an eligible science, technology, engineering, or
mathematics (STEM) teacher that teaches one or more STEM courses in
any kindergarten or any of grades 1 to 12, inclusive, during an
academic year ending in the taxable year, or $1,500 for those
eligible STEM teachers who teach in a high-needs school, as defined.
   This bill would take effect immediately as a tax levy.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 17053.51 is added to the Revenue and Taxation
Code, to read:
   17053.51.  (a) (1) For each taxable year beginning on or after
January 1, 2013, and before January 1, 2018, there shall be allowed
as a credit against the "net tax," as defined in Section 17039, an
amount specified in paragraph (2) for an eligible science,
technology, engineering, or mathematics (STEM) teacher that teaches
one or more STEM courses in any kindergarten or any of grades 1 to
12, inclusive, during an academic year ending in the taxable year.
   (2) (A) The amount of credit allowed to an eligible STEM teacher
who does not teach in a high-needs school shall be one thousand
dollars ($1,000) for each taxable year.
   (B) The amount of credit allowed to an eligible STEM teacher who
teaches in a high-needs school shall be one thousand five hundred
dollars ($1,500) for each taxable year.
   (b) For purposes of this section:
   (1) "Eligible STEM teacher" means a person who received his or her
baccalaureate degree in a STEM field who teaches full time in an
elementary or secondary school.
   (2) "Full time" means a minimum of 35 hours per week worked.
   (3) "High-needs school" means a school that received funds from
Subchapter I (commencing with Section 6301) of Chapter 70 of Title 20
of the United States Code, or its successor.
   (c) In the case where the credit allowed by this section exceeds
the "net tax" the excess may be carried over to reduce the "net tax"
in the following year, and succeeding years if necessary, until the
credit is exhausted.
   (d) This section shall remain in effect only until December 1,
2018, and as of that date is repealed.
  SEC. 2.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.