summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to establish an employer student loan repayment tax credit. Revenue.
AI Summary
This bill establishes an employer student loan repayment tax credit. Specifically, it allows employers to deduct up to $2,000 from their state income taxes for principal payments made on student loans on behalf of their employees who are residents of the Commonwealth. This provision aims to encourage employers to assist their employees in repaying their educational debts, which can provide financial relief to employees and potentially help retain talent within the state.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a study order, see H5128 (on 11/19/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2410 |
| Bill | https://malegislature.gov/Bills/191/H2410.pdf |
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