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2005 House Bill 4365 (Tax credit for teacher out-of-pocket expenses )
Latest post 02-24-2005 12:42 PM by
Mike Hignite
. 1 replies.
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01-01-2001 12:00 AM
admin
Joined on 11-22-2008
2005 House Bill 4365 (Tax credit for teacher out-of-pocket expenses )
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Introduced in the House on February 22, 2005
Click here to view bill details.
02-24-2005 12:42 PM
In reply to
Mike Hignite
Joined on 11-22-2008
Pinckney
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So a teacher buys $100 worth of supplies: Federal AGI decreased $100, net effect saves at fed tax rate of 25% - $ 25 MI tax rate of 3.95% $ 4 MI tax credit $100 ========== Net savings: $129
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