In the past, the state has failed to keep its promise of fully funding community colleges under Proposition 98. Scholarshare Investment Incentive Scholarshare is an existing state program that allows individuals to contribute to a trust account for a child's college education. The income generated by the account is not taxed until withdrawn for college expenses. However, contributions into the account must be made from taxable resources. This proposal would permit qualified employers to claim a tax credit equal to fifty percent of the cost of loaning a qualified employee to a public school to teach math or science.
Public schools suffer a shortage of fully qualified math and science teachers.
California's high-tech industry is a source of math and science experts. Providing businesses an incentive to loan their qualified employees to teach in schools where math and science are needed helps schools fill vacancies and helps prepare our workforce of tomorrow.