Bill

Bill > H2612


MA H2612

Relative to tuition tax credit


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to create an income tax credit for qualified tuition and fees for higher education. Revenue.

AI Summary

This bill proposes to create an income tax credit for up to 20% of the cost of qualified tuition and fees for higher education, with a maximum credit of $5,000 per year. The credit can be applied in the year the expenses are incurred and any excess can be carried over for the following seven tax years.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see H5080 (on 11/02/2020)

bill text


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