Amendment #26 to H4661

Excluding student loan forgiveness from taxable income for permanently and totally disabled veterans

Mr. Driscoll of Milton moves to amend the bill by adding the following section:

SECTION X.

Subsection (a) of Section 2 of Chapter 62 of General Laws, as appearing in the 2022 Edition, is hereby amended by inserting in paragraph (2) the following subparagraph:

(S) Any Amount received by a veteran who is permanently and totally disabled that would be includible in gross income for such a taxable year by reason of discharge of an educational loan under section 108(f)(5)(A)(iii) of the Code.