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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 524 - Credit for Attaining Master’s Degree in Licensure Field
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Author:
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Senator Eric R. Pratt
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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February 28, 2017
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This bill provides a $2,500 refundable credit for teachers who obtain a master’s degree in their field of licensure, effective beginning in tax year 2017.
Section 1
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Provision
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Subd. 1
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Provides the following definitions:
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“Master’s degree program” is a graduate level program at an accredited university leading to a master of arts or science degree in a content area directly related to the qualified teacher’s licensure field or in which the teacher provides instruction. Programs that include pedagogy or a pedagogy component do not qualify.
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“Qualified teacher” is a K-12 teacher holding a continuing license by the Minnesota Board of Teaching who began a master’s degree program after June 30, 2017 and completes the program during the taxable year.
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“Core content area” is the academic subject of reading, English or language arts, mathematics, science, foreign languages, civics and government, economics, arts, history, or geography.
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Subd. 2
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Allows a credit of up to $2,500 for a qualified teacher who completes a master’s degree program in a taxable year. The credit is available one time for each master’s degree program completed in a core content area.
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Subd. 3
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Provides that the credit is refundable and appropriates the amount necessary to pay refunds authorized under the bill.
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Check on the status of this bill
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Last review or update: 02/28/2017
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