Bill > H3010

This bill amends Chapter 62 of the Massachusetts General Laws to exclude the Segal AmeriCorps Educational Award from taxable state income. The Segal AmeriCorps Education Award is a benefit provided to individuals who complete a term of service in the AmeriCorps program, a national service initiative that engages volunteers in community service. The award can be used to pay for educational expenses at eligible higher education institutions, including technical schools, or to repay qualified student loans, as determined by the federal government. By adding this provision to the tax code, the bill ensures that recipients of the AmeriCorps Education Award will not have to pay state income tax on these funds, effectively making the educational benefit more valuable to participants. The law will take effect 180 days after its passage, giving state agencies time to implement the tax exemption.

Budget and Finance

https://malegislature.gov/Bills/194/H3010