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26-51-459. Teacher's classroom investment deduction — Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-459. Teacher's classroom investment deduction — Definitions.
(a) As used in this section:
(1) “Qualified classroom investment expense” means the amount expended by a teacher during the tax year for materials used in the classroom, including without limitation the following:
(A) Books;
(B) School supplies;
(C) Computer equipment and software;
(D) Athletic equipment;
(E) Food for the teacher's students; and
(F) Clothing for the teacher's students; and
(2) “Teacher” means a teacher, instructor, counselor, principal, or aide for students in any grade from prekindergarten through grade twelve (preK-12) who is employed for at least nine hundred (900) hours in a tax year at a school certified by the state to provide public preschool, elementary, or secondary education.
(b) In computing net income for the purposes of this chapter, there is allowed as a deduction in addition to all other deductions allowed by law for the qualified classroom investment expenses incurred by a taxpayer.
(c) The deduction allowed under subsection (b) of this section shall not exceed two hundred fifty dollars ($250) per taxpayer or five hundred dollars ($500) for taxpayers who are married filing jointly if each taxpayer is a teacher.
(d) The Secretary of the Department of Finance and Administration shall promulgate rules to implement this section, including without limitation a form for a taxpayer to use in claiming the deduction provided for under this section.
(e) A taxpayer claiming a deduction under this section shall:
(1) Maintain receipts for his or her qualified classroom investment expenses; and
(2) Itemize the qualified classroom investment expenses on the form provided by the Department of Finance and Administration.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-459
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:26-51-459
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d6e6e2fac4d8788ccb113ac83033f5f05c7d2738b83a86f2986321d0c536e1bd
Source location: content.xml paragraph 13194
Stored source content
26-51-459. Teacher's classroom investment deduction — Definitions.
(a) As used in this section:
(1) “Qualified classroom investment expense” means the amount expended by a teacher during the tax year for materials used in the classroom, including without limitation the following:
(A) Books;
(B) School supplies;
(C) Computer equipment and software;
(D) Athletic equipment;
(E) Food for the teacher's students; and
(F) Clothing for the teacher's students; and
(2) “Teacher” means a teacher, instructor, counselor, principal, or aide for students in any grade from prekindergarten through grade twelve (preK-12) who is employed for at least nine hundred (900) hours in a tax year at a school certified by the state to provide public preschool, elementary, or secondary education.
(b) In computing net income for the purposes of this chapter, there is allowed as a deduction in addition to all other deductions allowed by law for the qualified classroom investment expenses incurred by a taxpayer.
(c) The deduction allowed under subsection (b) of this section shall not exceed two hundred fifty dollars ($250) per taxpayer or five hundred dollars ($500) for taxpayers who are married filing jointly if each taxpayer is a teacher.
(d) The Secretary of the Department of Finance and Administration shall promulgate rules to implement this section, including without limitation a form for a taxpayer to use in claiming the deduction provided for under this section.
(e) A taxpayer claiming a deduction under this section shall:
(1) Maintain receipts for his or her qualified classroom investment expenses; and
(2) Itemize the qualified classroom investment expenses on the form provided by the Department of Finance and Administration.
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