Bill > H2873

This bill establishes an employer student loan repayment tax credit. Specifically, it amends the Massachusetts state tax code to allow employers to deduct up to $2,000 per employee for principal payments made on the employee's student loans, as long as the employee is a resident of Massachusetts. The bill defines "education debt" for the purposes of this tax credit. This bill aims to encourage employers to provide student loan repayment assistance to their employees as an employee benefit.