Bill > S1963

This bill proposes to amend Chapter 62 of the Massachusetts General Laws by adding a new tax exemption for the AmeriCorps Segal Education Award. Specifically, the bill would exclude the Segal AmeriCorps Educational Award from state taxable income. The Segal Education Award is a benefit provided to individuals who complete a term of service in the AmeriCorps program, which can be used to pay for education costs at eligible higher learning institutions, including technical schools, educational training, or to repay qualified student loans as determined by the federal government. By adding this exemption, the bill aims to provide a financial benefit to AmeriCorps volunteers by ensuring that their educational award is not subject to state income tax. The law would take effect 180 days after its passage, giving state tax authorities time to implement the new tax exemption.

Budget and Finance

https://malegislature.gov/Bills/194/S1963