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 encourage employee student loan assistance. Revenue.
AI Summary
This bill aims to encourage employer-provided student loan assistance by allowing both individual and business taxpayers to deduct up to $2,000 in principal payments on education debt made by an employer on behalf of an employee who is a resident of the Commonwealth of Massachusetts. This provision is intended to incentivize employers to offer student loan repayment benefits as part of their employee compensation packages, which can help alleviate the financial burden of higher education costs for workers.
Committee Categories
Budget and Finance
Sponsors (7)
Tony Cabral (D),
Jo Comerford (D),
Ed Kennedy (D),
Jason Lewis (D),
Mike Moore (D),
Patrick O'Connor (R),
John Velis (D),
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 |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S1689 |
| Bill | https://malegislature.gov/Bills/191/S1689.pdf |
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