SENATE DOCKET, NO. 291        FILED ON: 1/13/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1641

The Commonwealth of Massachusetts

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PRESENTED BY:

Bruce E. Tarr

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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 a family and education savings plan.

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PETITION OF:

SENATE DOCKET, NO. 291        FILED ON: 1/13/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1641

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)

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An Act relative to a family and education savings plan.

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

Subsection (a) of section 3B of chapter 62 of the General Laws is hereby amended by inserting at the end thereof the following new paragraph:-

(17) An amount equal to the amount expended in such taxable year for the purchase of an interest in, or contributed in such taxable year to an account in, the funds from a prepaid tuition program or state college savings program established by the commonwealth or any instrumentality or authority thereof, may be used to pay for educational expenses including: private school tuition and fees, education therapy services and aides, textbooks, private online learning courses, Advanced Placement exams, achievement tests and college admissions exams, tutoring, curriculum, and college textbooks. $5,000. In the case of a married couple filing a joint return, the total amount deducted in such taxable year shall not exceed $10,000.