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Bill > S1741


MA S1741

MA S1741
Establishing a tax credit for individuals paying college tuition


summary

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 to establish a tax credit for individuals paying college tuition. Revenue.

AI Summary

This bill establishes a tax credit for individuals paying college tuition. The bill amends Chapter 62 of the law to allow a credit of up to 20% of the cost of qualified tuition and fees for higher education, with a maximum credit of $5,000 per tax year. Any excess credit can be applied over the following seven subsequent tax years.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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