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 establish a Lifelong Learning and Training Account program. Revenue.
AI Summary
This bill establishes a Lifelong Learning and Training Account program in Massachusetts. Under this program, individuals with an adjusted gross income of $75,000 or less can contribute up to $2,000 annually to an account for the purpose of funding their qualified workforce training, such as obtaining industry-recognized certificates, licenses, or degrees. The state will provide a matching contribution of up to $2,000 per year to these accounts. The funds in the accounts can be used to directly pay for or reimburse the cost of the qualified training. The bill also allows for a state income tax deduction for contributions to these accounts, up to $2,000 for individuals and $4,000 for married couples filing jointly.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see S2743 (on 03/10/2022)
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/S1906 |
| Bill | https://malegislature.gov/Bills/192/S1906.pdf |
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