Budget Amendment ID: FY2023-S4-366-R1

Redraft ECO 366

Tax Credit for Job Training and or College Expenses

Messrs. Tarr and O'Connor moved that the proposed new text be amended by inserting after section __ the following:

"SECTION ___ Section 6 of Chapter 62 of the General laws, as appearing in the 2018 official edition, is hereby amended by adding at the end the following  subsection:

(aa) Career or College Credit

A taxpayer shall be allowed a credit against the costs incurred by attending an accredited institution of higher learning in a course of study leading to a bachelor’s degree or its equivalent. For purposes of this credit up to $1,500 of tuition and related expenses paid by the taxpayer during the taxable year (for education furnished to the eligible student during any academic period beginning in such taxable year); or up to $1000 of the cost of education leading to an associate’s degree or its equivalent, or job training from an accredited institution or program; shall be allowed.