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Bill > S2188


MA S2188

Relative to the accessibility and affordability of trade school education


summary

Introduced
10/10/2017
In Committee
10/19/2017
Crossed Over
Passed
Dead
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)

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