Refundable income tax exemption established for certain teachers.

HF 2304 creates a refundable tax credit for eligible Minnesota teachers. It provides up to $15,000 for full-year teachers earning under $60,000 annually (or $7,500 for part-year teachers earning under $30,000), and $2,000 for teachers earning above those thresholds. To qualify, teachers must hold a valid license, work at least 60% full-time, and teach a minimum number of student contact days (150 for full-year, 75-149 for part-year). Employers must provide annual income and service records, and the credit can be refunded even if the teacher owes no income tax.