Sec. 1. 36 MRSA §5219-W is enacted to read:

§5219-W.__Credit for homeschooling

A taxpayer who is providing homeschooling for one or more dependents as approved by the Commissioner of Education as equivalent instruction through home instruction pursuant to Title 20-A, section 5001-A, subsection 3, paragraph A, subparagraph (3) is entitled to a credit of $1,000 against the taxes imposed under this Part.__The credit may not reduce the state income tax liability to less than zero.

SUMMARY

This bill provides a nonrefundable income tax credit of $1,000 to taxpayers who provide approved homeschooling for their dependents.