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Bill To Exempt Teachers In California From State Income Tax Is Introduced

Friday, March 17, 2017 0:00
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thedailysheeple.com / LILY DANE / 

California is facing a teacher shortage, and a state Senate bill to “combat the problem” has been introduced.

Senate Bill 807, introduced by Democratic Senators Henry Stern of Los Angeles and Cathleen Galgiani of Stockton, aims to help teachers in two ways, reports the Los Angeles Times:

First, it would give new teachers tax credits for the money they spent to earn full teaching credentials. The credits would cover such costs as college tuition and certification tests. These expenses could be recouped entirely over five years.

Second, it would exempt teachers who remain in the profession more than five years from paying state taxes on income earned from teaching. The effect would be equivalent to a 4% to 6% salary increase, according to backers.

Teachers who earn a $75,000 salary would gain the equivalent of a 5 percent raise, saving nearly $4,000 on their annual tax bill after they meet the five year requirement.

If the bill is passed into law, teachers who remain in the profession for more than five years will be exempt from paying state income tax for 10 years.

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The post BILL TO EXEMPT TEACHERS IN CALIFORNIA FROM STATE INCOME TAX IS INTRODUCED appeared first on Silver For The People.



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