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| 2 | 2 | | HOUSE DOCKET, NO. 474 FILED ON: 1/9/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3035 |
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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 | | Antonio F. D. Cabral |
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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 to reduce graduate student loan debt. |
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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:Antonio F. D. Cabral13th Bristol1/9/2025 1 of 2 |
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| 16 | 16 | | HOUSE DOCKET, NO. 474 FILED ON: 1/9/2025 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3035 |
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| 18 | 18 | | By Representative Cabral of New Bedford, a petition (accompanied by bill, House, No. 3035) of |
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| 19 | 19 | | Antonio F. D. Cabral relative to the taxation of graduate student loan debt. Revenue. |
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| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 21 | 21 | | SEE HOUSE, NO. 2722 OF 2023-2024.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act to reduce graduate student loan debt. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 SECTION 1. Paragraph (12) of subsection (a) of Part B of section 3 of chapter 62 of the |
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| 31 | 31 | | 2General Laws, as appearing in the 2022 Official Edition, is hereby amended by: |
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| 32 | 32 | | 3 (a)striking out, in line 92, the word “or” the first place it appears. |
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| 33 | 33 | | 4 (b)inserting after the word “two-year”, in line 92, a comma; and |
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| 34 | 34 | | 5 (c)inserting after the word “college”, in line 92, the following words: - “, or graduate |
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| 35 | 35 | | 6education debt”. |
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| 36 | 36 | | 7 SECTION 2. Paragraph (12) of said subsection (a) of said Part B of said section 3 of |
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| 37 | 37 | | 8said chapter 62, as so appearing, is hereby further amended by inserting after the second sentence |
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| 38 | 38 | | 9the following sentence: - 2 of 2 |
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| 39 | 39 | | 10 “For the purposes of this subparagraph, the term ‘graduate education debt’ shall mean |
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| 40 | 40 | | 11any loan which was or is administered by the financial aid office of a non-profit institution |
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| 41 | 41 | | 12offering a graduate or professional degree program at which the taxpayer, or a dependent of such |
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| 42 | 42 | | 13taxpayer, pursuant to subparagraph (3) of paragraph (b) of part B of this section, was enrolled as |
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| 43 | 43 | | 14a graduate or professional degree student and which loan has been secured through a state |
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| 44 | 44 | | 15student loan program, a federal student loan program or a commercial lender and which loan was |
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| 45 | 45 | | 16obtained and expended solely for the purposes of paying tuition and other expenses directly |
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| 46 | 46 | | 17related to such graduate or professional student enrollment.”. |
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