Missouri 2023 Regular Session

Missouri House Bill HB379

Introduced
1/4/23  

Caption

Authorizes a one-time refundable tax credit for teachers and staff

Impact

The implementation of HB 379 would have a direct impact on state laws related to tax credits and educational funding. The refundable tax credit would represent a significant portion of state investment into education, specifically aimed at its workforce. Advocates for the bill argue that this measure would help retain talented teachers within the system and encourage individuals to pursue careers in education, thereby addressing teacher shortages in various districts. By providing financial support, the state is making a statement about the importance of education and the role of educators in society.

Summary

House Bill 379 aims to authorize a one-time refundable tax credit for teachers and staff working in the state. This financial incentive is designed to acknowledge the contributions of educators and to support them in a time when many are facing increased costs in their professional environments. By providing teachers and staff with this tax relief, the bill seeks to enhance their financial well-being and potentially improve morale within the educational workforce.

Sentiment

Overall, the sentiment surrounding HB 379 appears to be largely positive, especially among educators and their advocates. Supporters emphasize the necessity of financial support for teachers, arguing that it acknowledges their hard work and dedication. However, some concerns have been raised regarding the sustainability and equity of such tax credits and whether they will effectively reach those teachers who most need assistance. Despite these concerns, the prevailing viewpoint suggests that this bill would benefit the educational community significantly.

Contention

Points of contention regarding HB 379 mainly revolve around the fiscal implications of the tax credit. Critics argue about the budgetary impact and whether the state can afford to provide these incentives without cutting into essential services or other educational programs. Some also express concerns that these tax credits may not address systemic issues such as pay equity or overall funding disparities across school districts. The debate reflects broader discussions about how best to support educators while ensuring fiscal responsibility at the state level.

Companion Bills

No companion bills found.

Previously Filed As

MO HB553

Authorizes a tax credit for teachers and educational staff

MO HB2788

Authorizes a one-time refundable tax credit for teachers and staff

MO HB2866

Authorizes a tax credit for teachers and educational staff and authorizes a new state income tax rate to offset the tax credit.

MO SF186

Refundable income tax credit for certain teachers authorization

MO HB833

Authorizes the "Volunteer First Responder Tax Credit", relating to tax credits for certain first responders

MO HB1631

Authorizes a tax credit for a stillbirth

MO HB2929

Establishes a one-time nonrefundable tax credit

MO HB7

Creates provisions relating to a one-time, nonrefundable tax credit

MO HF4173

Refundable income tax credit established for teachers.

MO HB2770

Authorizes a tax credit for a stillbirth

Similar Bills

No similar bills found.