MA S1827

Bill

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

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd 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 aims to exclude student loan forgiveness from being considered taxable income for permanently and totally disabled veterans. The proposed change would amend the General Laws of Massachusetts to add a new subparagraph to the state's tax code, specifying that any amount received by a permanently and totally disabled veteran as a result of their student loan being discharged under federal law would not be included in their gross taxable income for that year.

Committee Categories

Budget and Finance

Sponsors (1)

Brendan Crighton (D)*,

Last Action

Accompanied H2883 (on 07/25/2022)

Official Document

https://malegislature.gov/Bills/192/S1827

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1827
Bill	https://malegislature.gov/Bills/192/S1827.pdf

Bill	Bill Name	Last Action	Type
H1359	Relative to late fees for no interest student loans	Accompanied a study order, see H5174	Similar To
H2817	Establishing a homestead exemption for disabled veterans	Accompanied a study order, see H5244	Similar To
H2883	Excluding student loan forgiveness from taxable income for permanently and totally disabled veterans	No further action taken	Similar To
H2887	Promoting student loan repayment	Accompanied a study order, see H4894	Similar To
H2985	Encouraging employer student loan repayment	Accompanied a study order, see H4894	Similar To
H3486	Relative to license plates for disabled veterans	Accompanied a study order, see H4966	Similar To
S1857	To promote sustainable economic development throughout Massachusetts	Accompanied a study order, see H5250	Similar To
S1957	Increasing the property tax exemption for disabled veterans	Accompanied a study order, see S2743	Similar To
S2053	Relative to unpaid student loans	Accompanied H3161	Similar To
S2434	Increasing annuity for disabled Veterans and Gold Star families	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > S1827

MA S1827

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

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