Bill

Bill > H1622


MA H1622

Relative to tuition tax credit


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to create an income tax credit for qualified tuition and fees for higher education. Revenue.

AI Summary

This bill proposes to create an income tax credit of up to 20% of the cost of qualified tuition and fees for higher education, with a maximum credit of $5,000 per year. The credit can be applied in the year the expenses are incurred and any excess credit can be carried over for the following seven tax years.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

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

bill text


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