Reported by CommitteeFiled Feb 27, 2025
Sponsor: Ed Kennedy (D)
Latest Action
Bill reported favorably by committee and referred to the committee on House Ways and Means
Jul 2, 2026
Summary
The bill adds a new tax deduction for businesses that pay the principal on an employee’s education debt, limited to $2,000 per employee. It applies to employees who live in Massachusetts and reduces the corporation’s taxable net income. The change is intended to encourage employers to help workers pay down student loans.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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