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Bill > S1864
MA S1864
MA S1864Establishing an empowerment scholarship tax credit to expand educational opportunities and fair access to quality education for low-and-moderate-income students
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to establish an empowerment scholarship tax credit to expand educational opportunities and fair access to quality education for low-and-moderate-income students. Revenue.
AI Summary
This bill establishes an empowerment scholarship tax credit to expand educational opportunities and fair access to quality education for low-and-moderate-income students in Massachusetts. The bill allows taxpayers to claim a refundable tax credit of up to 30% of their qualified donations to accredited Massachusetts tuition-based schools that offer means-tested scholarship programs for students who would otherwise be unable to afford tuition and related expenses. The total value of the tax credits authorized under this bill and a related corporate tax credit provision is capped at $20 million annually. The bill also requires regular reporting and economic analysis of the tax credit's performance.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5250 (on 10/03/2022)
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/192/S1864 |
| Bill | https://malegislature.gov/Bills/192/S1864.pdf |
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