Bill

Bill > H3048


MA H3048

Relative to tuition tax credit


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 create an income tax credit for qualified tuition and fees for higher education. Revenue.

AI Summary

This bill proposes to create an income tax credit for up to 20% of the cost of qualified tuition and fees for higher education, with a maximum credit of $5,000 per year. Any excess credit can be carried over for the following seven tax years. This credit is intended to provide financial assistance to individuals pursuing higher education by offsetting some of the expenses associated with tuition and fees.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5247 (on 09/26/2022)

bill text


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