Massachusetts 2023-2024 Regular Session

Massachusetts Senate Bill S1884

Introduced
2/16/23  

Caption

Establishing a college tuition tax deduction

Impact

If enacted, S1884 would amend existing tax law within chapter 62 of the General Laws of Massachusetts, specifically facilitating a financial incentive for students attending public universities and colleges. By providing this deduction, the bill aims to encourage higher education enrollment and reduce the net cost of college for families. It could lead to increased accessibility of public education, particularly for lower- and middle-income families who might be struggling with tuition expenses.

Summary

Senate Bill S1884, also known as the Act Establishing a College Tuition Tax Deduction, proposes a new tax deduction for individuals paying tuition to public institutions of higher education in Massachusetts. Under this bill, taxpayers would be allowed to deduct 50% of their tuition payments for themselves or their dependents, adjusted for any scholarships, grants, or financial aid received. This measure intends to alleviate the financial burden on students and their families as they pursue higher education.

Contention

While the bill is primarily focused on expanding access to education through financial means, there may be discussions about its potential implications for state revenues, as tax deductions could lead to decreased state funding for other programs. Some lawmakers may express concern about the long-term sustainability of such tax policies. Additionally, there could be debates regarding the fairness of providing benefits primarily to public institution attendees while leaving out those attending private institutions or other forms of higher education that do not qualify under this tax deduction.

Companion Bills

MA S815

Similar To Improving access to affordable community college

MA S2674

Similar To Expanding access to higher education tuition and fee waivers for adopted foster children.

MA H4736

Replaced by Commuter transit benefits, child tax credit, and other related matters

Previously Filed As

MA S2045

Establishing a college tuition tax deduction

MA H3766

Establishing an income tax credit for parents contributing to a child's college tuition

MA S1874

Establishing a tax deduction for donations to public colleges and universities

MA S1233

Relative to community college tuition

MA H1290

Relative to a tuition and fee freeze at all public colleges and universities

MA SB00100

An Act Establishing A Personal Income Tax Deduction For College Tuition Payments Made By A Taxpayer.

MA SB00108

An Act Establishing A Personal Income Tax Deduction For College Tuition Payments Made By A Taxpayer.

MA H1289

Relative to college tuition and admissions

MA H1460

Relative to college tuition and admissions

MA H1463

Relative to a tuition and fee freeze at all public colleges and universities

Similar Bills

No similar bills found.