Relating to teacher spending accounts

This bill relates to teacher spending accounts. The bill requires a portion of the school foundation state aid used to fund school districts to be used for the purpose of establishing teacher spending accounts (TSA) for full-time teachers to use toward expenses that would be deductible under section 62(a)(2)(D)(ii) of the Internal Revenue Code, which include books, supplies (other than nonathletic supplies for courses of instruction in health or physical education), computer equipment (including related software and services) and other equipment, and supplementary materials used by the eligible educator in the classroom. The bill requires each full-time beginning teacher to have an individual TSA of $500 and each other full-time teacher to have an individual TSA of $200. The bill requires each public school to maintain and administer TSAs for the benefit of full-time teachers employed by the public school. The bill requires, upon the end of a school fiscal year, for any remaining amounts in a TSA to be transferred to the school district to be used for the purposes of funding the teacher salary supplement. The bill defines “beginning teacher”, “public school”, and “teacher”.10.