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 the Massachusetts student relief and retention tax credit. Revenue.
AI Summary
This bill establishes the Massachusetts student relief and retention tax credit. The purpose of this credit is to provide an incentive for students to remain in Massachusetts after completing their degree from an accredited Massachusetts community college, college, or university. The tax credit is available to qualified individuals who are residents of Massachusetts for more than one entire taxable year and have made payments on eligible education loans. The credit amount is equal to the lesser of the monthly payment amount multiplied by the number of months the taxpayer made payments, or $1,000 for an associate degree, $2,000 for a bachelor's degree, or $3,000 for a graduate degree.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5040 (on 10/15/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/S1690 |
Bill | https://malegislature.gov/Bills/191/S1690.pdf |
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