HOUSE DOCKET, NO. 1876        FILED ON: 2/12/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2834

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Antonio F. D. Cabral

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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 to reduce graduate student loan debt.

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PETITION OF:

 

Name:

District/Address:

Date Added:

Antonio F. D. Cabral

13th Bristol

2/12/2021

Brian M. Ashe

2nd Hampden

2/19/2021

Lindsay N. Sabadosa

1st Hampshire

2/19/2021

Christopher Hendricks

11th Bristol

2/19/2021

Michael O. Moore

Second Worcester

2/23/2021

Jessica Ann Giannino

16th Suffolk

2/23/2021

Kate Lipper-Garabedian

32nd Middlesex

2/26/2021

Carol A. Doherty

3rd Bristol

2/26/2021

Elizabeth A. Malia

11th Suffolk

3/18/2021

Tami L. Gouveia

14th Middlesex

4/12/2021


HOUSE DOCKET, NO. 1876        FILED ON: 2/12/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2834

By Mr. Cabral of New Bedford, a petition (accompanied by bill, House, No. 2834) of Antonio F. D. Cabral and others for legislation to provide for a tax deduction for certain graduate student loan debt.  Revenue.

 

The Commonwealth of Massachusetts

 

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In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

An Act to reduce graduate student loan debt.

 

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.Paragraph (12) of subsection (a) of section 3 of chapter 62 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by—

(a)striking out, in line 129, the word “or” the first place it appears;

(b)inserting after the word “two-year”, in line 129, a comma; and

(c)inserting after the word “college”, in line 129, the following words:- “, or graduate education debt”.

SECTION 2.Paragraph (12) of said subsection of said section of said chapter, as so appearing, is hereby further amended by inserting after the second sentence the following sentence:-

“For the purposes of this subparagraph, the term ‘graduate education debt’ shall mean any loan which was or is administered by the financial aid office of a non-profit institution offering a graduate or professional degree program at which the taxpayer, or a dependent of such taxpayer, pursuant to subparagraph (3) of paragraph (b) of part B of this section, was enrolled as a graduate or professional degree student and which loan has been secured through a state student loan program, a federal student loan program or a commercial lender and which loan was obtained and expended solely for the purposes of paying tuition and other expenses directly related to such graduate or professional student enrollment.”.