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
Relative to employer student loan contribution tax deductions. Revenue.
AI Summary
This bill allows employers to receive a tax deduction of up to $3,600 per qualified employee for making contributions towards their student loan payments. The deduction applies to student loans incurred by the employee while attending an accredited institution of higher education. Additionally, the money received by the employee from the employer for student loan assistance is not considered taxable income under Massachusetts law.
Committee Categories
Budget and Finance
Sponsors (18)
Tackey Chan (D),
Daniel Cullinane (D),
Sal DiDomenico (D),
Jamie Eldridge (D),
Carmine Gentile (D),
Carlos González (D),
Ken Gordon (D),
Adam Hinds (D),
Dan Hunt (D),
Mary Keefe (D),
Barbara L'Italien (D),
Jason Lewis (D),
Jay Livingstone (D),
Adrian Madaro (D),
Paul Mark (D),
Bruce Tarr (R),
José Tosado (D),
Chris Walsh (D),
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/190/H1579 |
| Bill | https://malegislature.gov/Bills/190/H1579.pdf |
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