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 Representative Rogers of Cambridge, 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 Representative Rogers of Cambridge, a petition (accompanied by bill, House, No.
• 3226) of David M.
• Rogers 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 Representative Rogers of Cambridge, a petition (accompanied by bill, House, No. 3226) of David M. Rogers relative to excluding student loan forgiveness from taxable income for permanently and totally disabled veterans. Revenue.

Current Bill Text

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Bill H.3226

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.

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