MA H1617

Bill

To support educational opportunity for all

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

By Ms. Provost of Somerville, a petition of Denise Provost and others for the imposition of a tax on certain private institutions of higher learning for the purpose of establishing a separate fund to be known as the educational opportunity for all trust fund. Revenue.

AI Summary

This bill proposes to impose an annual 2.5% excise tax on the endowment funds of private institutions of higher education with endowments exceeding $1 billion. The revenue collected from this tax would be deposited into the Educational Opportunity for All Trust Fund, which would be used to subsidize the cost of higher education, early education, and childcare for lower-income and middle-class residents of Massachusetts. The fund would be managed by a 7-member board of trustees, including representatives from the state's higher education and early education departments, as well as experts in various education-related fields.

Committee Categories

Budget and Finance

Sponsors (40)

Ruth Balser (D), Christine Barber (D), Michael Brady (D), Dan Cahill (D), Gerry Cassidy (D), Mike Connolly (D), Brendan Crighton (D), Claire Cronin (D), Dan Donahue (D), Michelle DuBois (D), Jamie Eldridge (D), Tricia Farley-Bouvier (D), Dylan Fernandes (D), Linda Forry (D), Carmine Gentile (D), Paul Heroux (D), Natalie Higgins (D), Pat Jehlen (D), Mary Keefe (D), Kay Khan (D), Peter Kocot (D), Jack Lewis (D), Jason Lewis (D), Elizabeth Malia (D), Joe McGonagle (D), James Miceli (D), Frank Moran (D), Jim O'Day (D), Denise Provost (D), Dave Rogers (D), Byron Rushing (D), Danny Ryan (D), Angelo Scaccia (D), Frank Smizik (D), Tom Stanley (D), José Tosado (D), Steve Ultrino (D), Aaron Vega (D), Chris Walsh (D), Bud Williams (D),

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

Official Document

https://malegislature.gov/Bills/190/H1617

(15 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1617
Bill	https://malegislature.gov/Bills/190/H1617.pdf

Bill	Bill Name	Last Action	Type
H1581	Ensuring consistent reimbursement of PILOT funding	Accompanied a study order, see H4244	Similar To
H1608	Relative to exempting farmers’ markets from certain property taxes	Accompanied a study order, see H4244	Similar To
H1613	To reduce taxes generated by charitable raffles and bazaars	Accompanied a study order, see H4244	Similar To
H1640	Relative to regional transportation ballot initiatives	Accompanied S1551	Similar To
H3777	Authorizing military active duty members and retired veterans to transfer all college credits to higher education institutions in the Commonwealth	Accompanied a study order, see H4610	Similar To
H4093	To ensure compliance with federal standards regarding the handling of federal tax information	Accompanied a new draft, see H4441	Similar To
H4244	House study order	No further action taken	Replaced by
H4955	Authorizing the town of Hanover to grant abatement of real estate taxes to certain surviving spouse	Signed by the Governor, Chapter 365 of the Acts of 2018	Similar To
S1525	Relative to the small commercial tax exemption	Accompanied a study order, see S2497	Similar To
S1640	Relative to corporate excise tax reform	Accompanied a study order, see S2497	Similar To
S1647	To phase out the corporate excise tax on property of net worth	Accompanied a study order, see S2497	Similar To
S1650	Reducing the sales tax to 5 percent	Accompanied a study order, see S2497	Similar To
S2124	Improving real property tax abatements, application deadlines, and deferrals	Reprinted as amended, see S2135	Similar To
S2356	Similar Bills	see H2623	Similar To
S2670	Creating senior tax relief in the town of Carver.	Signed by the Governor, Chapter 299 of the Acts of 2018	Similar To

Bill > H1617

MA H1617

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (40)

Last Action

Official Document

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