Alaska HB219 provides a tax credit for expenditures related to career and technical education infrastructure, instruction, and student housing.
HB219 allows taxpayers to claim a credit against their taxes for qualifying expenditures related to career and technical education. Qualifying expenditures include constructing or maintaining fabrication labs and infrastructure, hiring instructors or staff, developing curriculum, and providing housing for students. The credit cannot reduce a taxpayer's liability below zero and can be sold, traded, or transferred, though at a reduced rate. The credit is not available for income tax education credits.
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