An Act excluding student loan forgiveness from taxable income for permanently and totally disabled veterans

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act excluding student loan forgiveness from taxable income for permanently and totally disabled veterans

An Act excluding student loan forgiveness from taxable income for permanently and totally disabled veterans By Representatives Haggerty of Woburn and Giannino of Revere, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act excluding student loan forgiveness from taxable income for permanently and totally disabled veterans By Representatives Haggerty of Woburn and Giannino of Revere, a petition (accompanied by bill, House, No.
• 3116) of Richard M.
• Haggerty relative to excluding student loan forgiveness from taxable income for permanently and totally disabled veterans.
• Revenue.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act excluding student loan forgiveness from taxable income for permanently and totally disabled veterans
By Representatives Haggerty of Woburn and Giannino of Revere, a petition (accompanied by bill, House, No. 3116) of Richard M. Haggerty relative to excluding student loan forgiveness from taxable income for permanently and totally disabled veterans. Revenue.

Current Bill Text

×

Bill H.3116

Paragraph (2) of subsection (a) of section 2 of chapter 62 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by adding the following subparagraph:-

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

The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Close