S2025 • 2025

An Act establishing the Massachusetts student relief and retention tax credit

Education Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Edward J. Kennedy
Last action: 2026-07-02
Official status: Referred to House Committee on Ways and Means
Effective date: Not listed

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 establishing the Massachusetts student relief and retention tax credit

An Act establishing the Massachusetts student relief and retention tax credit By Mr.

What This Bill Does

An Act establishing the Massachusetts student relief and retention tax credit By Mr.
Kennedy, a petition (accompanied by bill, Senate, No.
2025) of Edward J.
Kennedy for legislation to establish the Massachusetts student relief and retention tax credit.

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.

Bill History

2026-07-02 House
Bill reported favorably by committee and referred to the committee on House Ways and Means
2026-04-01 Senate
Reporting date extended to Thursday June 25, 2026
2025-08-27 Joint
Hearing scheduled for 09/09/2025 from 10:00 AM-1:00 PM in Gardner Auditorium
2025-02-27 Senate
Referred to the committee on Revenue
2025-02-27 House
House concurred

Official Summary Text

An Act establishing the Massachusetts student relief and retention tax credit
By Mr. Kennedy, a petition (accompanied by bill, Senate, No. 2025) of Edward J. Kennedy for legislation to establish the Massachusetts student relief and retention tax credit. Revenue.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

Read the full stored bill text

Bill S.2025

Chapter 62 of the Massachusetts General Laws as appearing in the 2022 Official edition, is hereby amended in Section 6 by inserting at the end thereof after Section 6N the following new subsection:-

Section 6O. (a) The purpose of this section shall be to provide an incentive for students to remain in Massachusetts upon the completion of a degree attained from an accredited Massachusetts community college, college, or university. This program is intended to plan for the long-term retention of talent that relocates to Massachusetts to pursue educational opportunity.

(a)

There is hereby established a Massachusetts student relief and retention tax credit. A qualified individual is allowed a credit against the state income tax

(b)

A Taxpayer may claim a credit based upon educational loan payments made to a relevant lender or lenders made during that part of a taxable year, whilst being a resident of the Commonwealth of Massachusetts for more than one entire taxable year.

(c)

The credit allowed under this chapter shall be equal to the lesser of;

The monthly payment amount made on eligible education loans multiplied by the number of months during the taxable year in which the taxpayer made payments on eligible education loans; and

The greatest of $1,000 if the qualified individual obtained an associate degree, $2,000 if the qualified individual obtained a bachelor’s degree, and $3,000 if the qualified individual obtained a graduate degree.

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