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 promote access to higher education beginning at birth. Revenue.
AI Summary
This bill establishes a program in Massachusetts to encourage children to pursue higher education. The Commonwealth will deposit $5,000 into a separate account for each child born to Massachusetts residents, which the child can then use to pay for admission to a higher education institution in Massachusetts. There will be no tax implications on this initial deposit, and additional deposits to the fund will have the same tax implications as the Massachusetts UFund, which is a state-sponsored college savings program.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5080 (on 11/02/2020)
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/S1699 |
Bill | https://malegislature.gov/Bills/191/S1699.pdf |
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