The purpose of this legislation is to provide financial support to teachers who offer tutoring services outside of regular school hours. It aims to encourage teachers to engage in tutoring, particularly in subjects like mathematics, reading, writing, and science, by offering them a temporary tax credit. Key provisions of the legislation include the establishment of a tax credit for eligible teachers. Teachers can receive a credit of $500 for the tax year, plus an additional amount based on the number of qualified tutoring hours they provide beyond 150 hours.