MA S1656

Bill

Relative to graduate student loan deductions

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 relative to graduate student loan deductions. Revenue.

AI Summary

This bill amends Chapter 62 of the General Laws to allow graduate students to deduct student loan interest from their state income taxes, in addition to the existing deduction for undergraduate student loans. The new provision applies the deduction to both undergraduate and graduate student loan interest, providing tax relief to individuals who have taken out student loans to finance their graduate-level education.

Committee Categories

Budget and Finance

Sponsors (4)

Ryan Fattman (R), Mike Moore (D), Brian Murray (D), Mike Soter (R),

Last Action

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

Official Document

https://malegislature.gov/Bills/191/S1656

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1656
Bill	https://malegislature.gov/Bills/191/S1656.pdf

Bill	Bill Name	Last Action	Type
H2394	Relative to the deduction of health insurance payments from gross income for self employed individuals	Accompanied a study order, see H5128	Similar To
H2411	To reduce graduate student loan debt	Accompanied a study order, see H5128	Similar To
H2466	Relative to home health care and hospice tax deductions	Accompanied a study order, see H5128	Similar To
H2499	Providing tax relief for rent-burdened individuals and families	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H2553	Relative to employer student loan contribution	Accompanied a study order, see H5040	Similar To
H3663	Relative to tax deductions for retirement account contributions	Accompanied a study order, see H5080	Similar To
H5080	Study Order	Discharged to the committee on House Rules	Replaced by
S1649	Promoting student loan repayment	Accompanied a study order, see H5040	Similar To
S1681	Relative to gun safe tax deductions	Accompanied a study order, see H5080	Similar To

Bill > S1656

MA S1656

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

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