Introduced House Bill (H)

Authored by

DIGEST

Incentive award for teachers. Establishes the education savings performance incentive award fund (fund) to reward highly effective and effective teachers by paying contributions to certain education savings accounts. Provides that a teacher who: (1) is employed by a school corporation; and (2) has been rated highly effective or effective in performance evaluations for eight of the immediately preceding 10 years the teacher has been employed by a school corporation as a teacher; is entitled to receive from the fund a contribution of $2,500 to an account designated by the teacher. Provides that only one contribution may be paid in a Incentive award for teachers. Establishes the education savings performance incentive award fund (fund) to reward highly effective and effective teachers by paying contributions to certain education savings accounts. Provides that a teacher who: (1) is employed by a school corporation; and (2) has been rated highly effective or effective in performance evaluations for eight of the immediately preceding 10 years the teacher has been employed by a school corporation as a teacher; is entitled to receive from the fund a contribution of $2,500 to an account designated by the teacher. Provides that only one contribution may be paid in a 10 year period. Provides that the amount of a contribution is not included in a teacher's adjusted gross income for state income tax purposes. Makes a continuous appropriation. ... View more