summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to tax deductions for student loans. Revenue.
AI Summary
This bill proposes to amend existing tax law in Massachusetts, specifically Chapter 62, Section 3, Subsection (B 12), which deals with tax deductions. The key change is the insertion of language allowing taxpayers to deduct not only the interest payments on their student loans but also an amount up to $1,000 of the principal payments they make on those loans. This would provide additional tax relief to individuals who are repaying their student debt.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4639 (on 09/26/2016)
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/189/House/H2611 |
| State Bill Page | https://malegislature.gov/Bills/189/H2611 |
| Bill | https://malegislature.gov/Bills/189/H2611.pdf |
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