Establishes a college tuition tax deduction for tuition payments to public institutions in Massachusetts.
The bill proposes to amend the Massachusetts General Laws to include a new tax deduction for tuition payments made to public institutions of higher education. Specifically, it allows taxpayers to deduct 50% of their tuition costs, minus any scholarships, grants, or financial aid received. This deduction is not applicable if a deduction is already claimed under another subparagraph.
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- Overview
- Core Provisions
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- Legal Framework
- Critical Issues
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