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Bill > S1812
MA S1812
MA S1812Establishing an empowerment scholarship tax credit to expand educational opportunities and fair access to quality education for low-and-moderate-income students
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to establish an empowerment scholarship tax credit to expand educational opportunities and fair access to quality education for low-and-moderate-income students. Revenue.
AI Summary
This bill establishes an empowerment scholarship tax credit to expand educational opportunities and fair access to quality education for low-and-moderate-income students in Massachusetts. The bill allows taxpayers to receive a refundable tax credit of up to 30% of their qualified donations to eligible scholarship programs offered by accredited Massachusetts tuition-based schools. The total cumulative value of the tax credits authorized under this bill and a related provision in the corporate tax code is limited to $20 million annually. The bill also requires regular economic analysis reports on the performance of the tax credit and annual reporting from recipient schools on the scholarships awarded.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4728 (on 06/24/2024)
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/193/S1812 |
| BillText | https://malegislature.gov/Bills/193/S1812.pdf |
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