Bill
Bill > S1626
MA S1626
Excluding student loan forgiveness from taxable income for permanently and totally disabled veterans
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 exclude student loan forgiveness from taxable income for permanently and totally disabled veterans. Revenue.
AI Summary
This bill proposes to exclude student loan forgiveness from taxable income for permanently and totally disabled veterans. The bill amends the Massachusetts tax code to specify that any amount received by a permanently and totally disabled veteran that would be considered taxable income due to the discharge of an educational loan under Section 108(f)(5)(A)(iii) of the Internal Revenue Code shall be excluded from their gross income for tax purposes.
Committee Categories
Budget and Finance
Sponsors (3)
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/S1626 |
Bill | https://malegislature.gov/Bills/191/S1626.pdf |
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