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Massachusetts bill creates a business tax credit for employer-provided student loan repayment assistance up to $4,500 per worker

Original title: An Act promoting student loan repayment

Last action · July 15, 2026: Committee recommended ought NOT to pass and referred to the committee on House Steering, Policy and SchedulingSponsors: Ryan Fattman and 1 other

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Would Do

Massachusetts businesses can claim a tax credit equal to 100 percent of the student loan repayment assistance they provide to resident employees, up to $4,500 per worker annually, under a bill advanced in the legislature.

Why it matters

The measure alters tax liabilities for businesses offering student loan assistance and exempts those employer payments from state income taxation for the workers receiving them, affecting employers and resident employees across the commonwealth.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Massachusetts businesses

Businesses providing student loan repayment assistance become eligible for a tax credit up to $4,500 per qualified employee.

Directly affected

Resident employees with student loans

Workers domiciled in the commonwealth receive student loan payment assistance from employers that is excluded from taxable income.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum tax credit an employer can claim per worker?
The credit cannot exceed $4,500 per qualified employee in any single tax year.
Can unused tax credits be carried over to future years?
Yes, taxpayers may carry over and apply unused portions of the credit against their tax liability in any of the succeeding 5 taxable years.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Currently passed chamber. The next step in the legislative lifecycle is Law.

Procedural history

7 actions
  1. Jul 15, 2026HouseCommittee
    Committee recommended ought NOT to pass and referred to the committee on House Steering, Policy and Scheduling
  2. Apr 1, 2026Senate
    Reporting date extended to Thursday June 25, 2026
  3. Nov 18, 2025Joint
    Hearing rescheduled to 11/18/2025 from 10:00 AM-11:00 AM in B-1 and Virtual<br> <span style="color: blue; font-style: italic;">Hearing updated to New End Time</span>
  4. Nov 17, 2025Joint
    Hearing rescheduled to 11/18/2025 from 10:00 AM-01:00 PM in B-1 and Virtual<br> <span style="color: blue; font-style: italic;">Hearing location changed</span>
  5. Nov 7, 2025Joint
    Hearing scheduled for 11/18/2025 from 10:00 AM-01:00 PM in A-1
  6. Feb 27, 2025House
    House concurred
Show 1 earlier action
  1. Feb 27, 2025SenateCommittee
    Referred to the committee on Revenue

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

Ryan Fattman, Bruce Tarr
PersonRyan Fattman“Lead sponsor of Senate Bill No. 1983”Map →
PersonBruce Tarr“Cosponsor of Senate Bill No. 1983”Map →

Sources

Open source document

malegislature.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy25
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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