Tax Free For Me, Not For Thee
Teachers would have it easy:
A pair of Democrats, Sen. Cathleen Galgiani of Stockton and Sen. Henry Stern of Los Angeles, introduced the bill in February to address a shortage of teachers in the Golden State, reports The Sacramento Bee.It's good work if you can get it...
The bill, Senate Bill 807, would operate by providing new California teachers with tax credits equal to the amount they have spent on college tuition, certification exams and others costs associated with obtaining their teaching credentials, according to the Los Angeles Times.
Teachers would have to teach in California for five years to rack up enough tax credits to recoup those costs completely.
Teachers who stick around for five years would then become completely exempt from state income tax.
Leaving other deductions and exemptions aside, the basic effect would be an income increase for California teachers ranging between 4 percent and 6 percent for every teacher in the state.