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| 2 | 2 | | HOUSE DOCKET, NO. 2415 FILED ON: 1/19/2023 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3766 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Carol A. Doherty |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act establishing an income tax credit for parents contributing to a child's college tuition. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Carol A. Doherty3rd Bristol1/19/2023James K. Hawkins2nd Bristol2/9/2023James C. Arena-DeRosa8th Middlesex2/9/2023Brian W. Murray10th Worcester2/19/2023Steven S. Howitt4th Bristol2/19/2023Bruce E. TarrFirst Essex and Middlesex4/5/2023 1 of 1 |
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| 16 | 16 | | HOUSE DOCKET, NO. 2415 FILED ON: 1/19/2023 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3766 |
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| 18 | 18 | | By Representative Doherty of Taunton, a petition (accompanied by bill, House, No. 3766) of |
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| 19 | 19 | | Carol A. Doherty and others for legislation to establish an income tax credit for parents |
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| 20 | 20 | | contributing to college tuitions. Revenue. |
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| 21 | 21 | | The Commonwealth of Massachusetts |
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| 22 | 22 | | _______________ |
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| 23 | 23 | | In the One Hundred and Ninety-Third General Court |
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| 24 | 24 | | (2023-2024) |
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| 25 | 25 | | _______________ |
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| 26 | 26 | | An Act establishing an income tax credit for parents contributing to a child's college tuition. |
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| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 28 | 28 | | of the same, as follows: |
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| 29 | 29 | | 1 Section 6 of chapter 62 of the General Laws, as most recently amended by section 103 of |
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| 30 | 30 | | 2chapter 268 of the acts of 2022, is hereby further amended by adding the following subsection:- |
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| 31 | 31 | | 3 (dd)(1) A taxpayer shall be allowed in each taxable year a credit equal to $2,500 for |
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| 32 | 32 | | 4payments contributing to each child’s college tuition; provided, that such child shall be a |
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| 33 | 33 | | 5dependent of the taxpayer. |
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| 34 | 34 | | 6 (2) To be eligible for a credit under this subsection, the taxpayer shall earn less than |
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| 35 | 35 | | 7$100,000 annually. The taxpayer’s income shall be adjusted at the beginning of each calendar |
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| 36 | 36 | | 8year, by the percentage, if any, by which the consumer price index, as defined in section 1 of the |
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| 37 | 37 | | 9Internal Revenue Code, pursuant to 26 U.S.C. section 1, for the preceding year exceeds the |
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| 38 | 38 | | 10consumer price index for the calendar year that ends before such preceding year. |
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