HOUSE DOCKET, NO. 2113 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 2722
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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 | 1/19/2023 |
Lindsay N. Sabadosa | 1st Hampshire | 1/26/2023 |
Christopher Hendricks | 11th Bristol | 1/26/2023 |
Carol A. Doherty | 3rd Bristol | 1/30/2023 |
Paul A. Schmid, III | 8th Bristol | 2/1/2023 |
Vanna Howard | 17th Middlesex | 2/1/2023 |
Brian M. Ashe | 2nd Hampden | 2/3/2023 |
HOUSE DOCKET, NO. 2113 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 2722
By Representative Cabral of New Bedford, a petition (accompanied by bill, House, No. 2722) of Antonio F. D. Cabral and others relative to the taxation of graduate student loan debt. Revenue. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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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 2020 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 (a) of said section 3 of said chapter 62, 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.”.