Bill
Bill > S2188
MA S2188
Relative to the accessibility and affordability of trade school education
summary
Introduced
10/10/2017
10/10/2017
In Committee
10/19/2017
10/19/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to the accessibility and affordability of trade school education. Revenue.
AI Summary
This bill aims to make trade school education more accessible and affordable. It does this by:
1) Allowing taxpayers to deduct from their state income taxes the amount by which their tuition payments to a private occupational school exceed 25% of their Massachusetts adjusted gross income, after accounting for any scholarships, grants, or financial aid received.
2) Expanding the existing student loan interest deduction to include loans obtained for tuition and expenses at private occupational schools, in addition to two-year and four-year colleges. This allows taxpayers to deduct the interest paid on these loans from their state income taxes.
The bill seeks to provide financial relief to individuals and families pursuing trade school education, which can be an important pathway to skilled jobs but may also carry significant costs. The deductions are intended to make trade school more accessible and affordable.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
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/S2188 |
Bill | https://malegislature.gov/Bills/190/S2188.pdf |
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