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 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)
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/H3048 |
Bill | https://malegislature.gov/Bills/192/H3048.pdf |
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