summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to encourage employee student loan assistance. Revenue.
AI Summary
This bill aims to encourage employer student loan assistance by allowing employers to deduct from their state taxes the principal payments they make on behalf of their employees who are Massachusetts residents. The deduction is capped at $2,000 per employee. The bill defines "education debt" as it is defined in the existing Massachusetts tax law. This provides an incentive for employers to help their employees pay off their student loans.
Committee Categories
Budget and Finance
Sponsors (13)
Jim Arciero (D),
Joseph Boncore (D),
Sal DiDomenico (D),
Eileen Donoghue (D),
Jennifer Flanagan (D),
Sheila Harrington (R),
Barbara L'Italien (D),
Eric Lesser (D),
Rady Mom (D),
Patrick O'Connor (R),
Bruce Tarr (R),
James Timilty (D),
Walter Timilty (D),
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S1516 |
| Bill | https://malegislature.gov/Bills/190/S1516.pdf |
Loading...