Bill

Bill > S1695


MA S1695

To establish a Lifelong Learning and Training Account program


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 Lifelong Learning and Training Account program. Revenue.

AI Summary

This bill establishes a Lifelong Learning and Training Account program in Massachusetts. The program allows designated beneficiaries with an adjusted gross income of $75,000 or less to contribute up to $2,000 annually to an individual account, which can be used to pay for qualified workforce training expenses. The state will provide a matching contribution of up to $2,000 per year to these accounts. The accounts can be maintained across different employers and during periods of unemployment. The bill also provides for a tax deduction for contributions to these accounts and requires the Department of Career Services to report annually on the program's implementation and outcomes.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Accompanied a study order, see S2549 (on 02/20/2020)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...