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
Relative to the taxation of graduate student loan debt. Revenue.
AI Summary
This bill aims to reduce graduate student loan debt by amending the Massachusetts General Laws to allow individuals to deduct interest paid on graduate education debt from their state income taxes. The bill defines "graduate education debt" as any loan obtained through a state, federal, or commercial student loan program to pay for tuition and other expenses related to enrollment in a graduate or professional degree program. This change to the tax code is intended to provide financial relief to individuals who have accumulated significant debt to finance their graduate-level education.
Committee Categories
Budget and Finance
Sponsors (7)
Tony Cabral (D)*,
Brian Ashe (D),
Carol Doherty (D),
Chris Hendricks (D),
Vanna Howard (D),
Lindsay Sabadosa (D),
Paul Schmid (D),
Last Action
Accompanied a study order, see H4727 (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/H2722 |
| BillText | https://malegislature.gov/Bills/193/H2722.pdf |
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