Relating to: an income tax subtraction for certain expenses paid by a school teacher. (FE)

AB 64 creates a state income tax subtraction for eligible K-12 teachers who pay out-of-pocket for classroom supplies and materials. It allows teachers to subtract up to $300 annually from their taxable income for expenses covered under federal tax code (26 USC 62(a)(2)(D)), using the federal definition of "eligible educator." This provision directly affects teachers who incur these costs, reducing their state tax burden without requiring them to itemize deductions. The bill mirrors a federal tax break but applies specifically to Wisconsin's income tax system. The law would take effect for tax years beginning after December 31, 2024.