An Act establishing the Massachusetts student relief and retention tax credit

Summary

The bill adds a new tax credit that reduces a resident's Massachusetts income tax based on payments made on eligible education loans. It applies to individuals who have lived in the Commonwealth for more than one full tax year and who earned an associate, bachelor’s, or graduate degree from an accredited Massachusetts college or university. The credit is intended to encourage graduates to remain in Massachusetts and contribute to the local workforce.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share