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Bill > S1903


MA S1903

Establishing a tax deduction for donations to public colleges and universities


summary

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 establish a tax deduction for donations to public colleges and universities. Revenue.

AI Summary

This bill establishes a new tax deduction for donations made to public college and university foundations in the state. Specifically, it amends the state's tax code to allow individuals to deduct the amount of any donations they make to public higher education foundations from their taxable income. This is intended to incentivize greater private financial support for public colleges and universities in the state.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see H5250 (on 10/03/2022)

bill text


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