HOUSE DOCKET, NO. 3079        FILED ON: 1/21/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3007

 

The Commonwealth of Massachusetts

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PRESENTED BY:

John H. Rogers

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to tuition tax credit.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

John H. Rogers

12th Norfolk

1/21/2011

Brian A. Joyce

Norfolk, Bristol and Plymouth

2/4/2011

Christine E. Canavan

10th Plymouth

2/3/2011

Thomas A. Golden, Jr.

16th Middlesex

2/4/2011

Martin J. Walsh

13th Suffolk

2/1/2011

James J. Dwyer

30th Middlesex

2/3/2011

Thomas M. Stanley

9th Middlesex

1/27/2011

Frank I. Smizik

15th Norfolk

1/28/2011

Bruce E. Tarr

 

1/28/2011

James B. Eldridge

 

2/3/2011

James E. Timilty

 

2/3/2011


HOUSE DOCKET, NO. 3079        FILED ON: 1/21/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3007

By Mr. Rogers of Norwood, a petition (accompanied by bill, House, No. 3007) of John H. Rogers and others for legislation to create an income tax credit for qualified tuition and fees for higher education.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

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An Act relative to tuition tax credit.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.  Chapter 62 is hereby amended in Section 6 by inserting at the end thereof after subsection (q) the following new subsection:-

(r)  A credit shall be allowed against the tax liability imposed by this chapter for in an amount up to 20 per cent of the cost of qualified tuition and fees for higher education.  The credit under this subsection shall be allowed for the taxable year in which the expenses are incurred; provided, that said credit shall not exceed $5,000 in any tax year and any excess credit may be applied over the following seven subsequent tax years.