MA H2985

Bill

MA H2985

Encouraging employer student loan repayment

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 an employer student loan repayment tax credit. Revenue.

AI Summary

This bill establishes an employer student loan repayment tax credit. It allows employers to deduct from their state income taxes the principal payments they make on behalf of their employees' education debts, up to $2,000 per employee. The goal of this legislation is to encourage employers to help their workers pay off their student loans.

Committee Categories

Budget and Finance

Sponsors (6)

Kate Lipper-Garabedian (D)*, Carlos González (D), Jason Lewis (D), Susan Moran (D), Brian Murray (D), Lindsay Sabadosa (D),

Last Action

Accompanied a study order, see H4894 (on 09/22/2022)

Official Document

https://malegislature.gov/Bills/192/H2985

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2985
Bill	https://malegislature.gov/Bills/192/H2985.pdf

Bill	Bill Name	Last Action	Type
H1359	Relative to late fees for no interest student loans	Accompanied a study order, see H5174	Similar To
H2735	Regarding student loan payments for those working in law enforcement	Accompanied a study order, see H4960	Similar To
H3208	To limit the state’s authority to prevent the renewal of licenses after default on student loans	Accompanied H3161	Similar To
H4894	Study Order	No further action taken	Replaced by
S1861	Relative to graduate student loan deductions	Accompanied a study order, see H4894	Similar To
S2015	Limiting the impact of student loans to help staff succeed	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2053	Relative to unpaid student loans	Accompanied H3161	Similar To
S834	Relative to late fees for no interest student loans	Accompanied a study order, see S2822	Similar To

Bill > H2985

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (6)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary