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Bill > S1892


MA S1892

MA S1892
Establishing the Massachusetts student relief and retention 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 establish the Massachusetts student relief and retention tax credit. Revenue.

AI Summary

This bill establishes the Massachusetts student relief and retention tax credit. The purpose of this credit is to provide an incentive for students to remain in Massachusetts after completing a degree from an accredited Massachusetts community college, college, or university. The credit is available to taxpayers who have been residents of Massachusetts for more than one year and can be claimed based on the monthly payments made on eligible education loans, up to a maximum of $1,000 for an associate degree, $2,000 for a bachelor's degree, and $3,000 for a graduate degree.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

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