Massachusetts legislation · 194th General Court
Massachusetts S2025: An Act establishing the Massachusetts student relief and retention tax credit
Status: In committee, July 2, 2026
What the bill says
From the introduced text, February 27, 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; a. 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 b. The greatest of $1,000 if the qualified individual obtained an associate degree, $2,000 if the qualified individual …
Sponsors
- Kennedy, Edward J. (D, First Middlesex) · primary sponsor
Latest actions
- : Bill reported favorably by committee and referred to the committee on House Ways and Means
- : Reporting date extended to Thursday June 25, 2026
- : Hearing scheduled for 09/09/2025 from 10:00 AM-1:00 PM in Gardner Auditorium
- : House concurred
- : Referred to the committee on Revenue
Votes
- Committee Vote - Joint Committee on Revenue (June 24, 2026): 15 yea, 0 nay, passed
Common questions
- What is S2025?
- S2025 is a bill in the Massachusetts Legislature (194th General Court): An Act establishing the Massachusetts student relief and retention tax credit.
- What is the status of S2025?
- In committee as of July 2, 2026. Latest action: Bill reported favorably by committee and referred to the committee on House Ways and Means (July 2, 2026).
- Who sponsored S2025?
- Kennedy, Edward J. (D, First Middlesex).
- Where is the official record for S2025?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S2025
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.