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2014 SESSION

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SB 168 Teachers Relocation Incentive Grant Fund; created, grants awarded to qualified teachers.

Introduced by: William M. Stanley, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Teacher relocation incentive grant program. Provides a grant of $5,000 to teachers who relocate to either a school where at least 40 percent of the students qualify for free or reduced lunch or to a school in a locality with a population of 50,000 or less. The bill provides that total annual grants shall not exceed $1 million and directs the Department of Education to develop guidelines and application forms.

SUMMARY AS INTRODUCED:

Teacher relocation income tax credit. Provides a tax credit of $5,000 to teachers who relocate to schools with a performance grade of C or below or to a locality with a population of 200,000 or less. The bill provides that tax credits shall not exceed $1 million, directs the Department of Education to publish a list of qualified schools, and directs the Department of Taxation to establish guidelines.