Authors: Representative Todd Huston
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.