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Bill > S1626


MA S1626

Excluding student loan forgiveness from taxable income for permanently and totally disabled veterans


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 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)

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