Bill
Bill > S1950
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 tax credit for individuals paying college tuition. Revenue.
AI Summary
This bill establishes a tax credit of up to 20% of the cost of qualified tuition and fees for higher education, with a maximum credit of $5,000 per tax year. The credit can be applied in the year the expenses are incurred and any excess credit can be carried over for the following seven tax years.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5248 (on 10/03/2022)
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/S1950 |
| Bill | https://malegislature.gov/Bills/192/S1950.pdf |
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