SB549

Provides income tax credit for K-12 education expenses

Allows a credit against income tax for education expenses paid by a parent, guardian, or teacher. The credit is equal to the lesser of the amount paid for education expenses or $1,250. The credit applies to expenses such as tuition, textbooks, tutoring, and transportation. The bill also mandates a review of certain tax credits by the revenue interim committee. The credit applies to income tax years beginning on or after January 1, 2026.