Personal income taxes: credit: education expenses.

The Personal Income Tax Law allows various credits against the taxes imposed by that law. This bill would, for taxable years beginning on or after January 1, 2015, and before January 1, 2020, allow a credit in an amount equal to 15% of the tuition paid or incurred during the taxable year by a taxpayer for education and training obtained by the taxpayer or a dependent of the taxpayer at a vocational institution, as defined, not to exceed $2,500 per taxable year. This bill would take effect immediately as a tax levy.