HOUSE DOCKET, NO. 2783 FILED ON: 2/18/2021
HOUSE . . . . . . . . . . . . . . . No.
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
James Arciero
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act encouraging employer student loan repayment.
_______________
PETITION OF:
NAME: DISTRICT/ADDRESS: DATE ADDED:
James Arciero 2nd Middlesex 2/16/2021
James M. Murphy 4th Norfolk 2/18/2021
1 of 1
 HOUSE DOCKET, NO. 2783 FILED ON: 2/18/2021
HOUSE . . . . . . . . . . . . . . . No.
[Pin Slip]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
An Act encouraging employer student loan repayment.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Subsection (d) of section 2 of chapter 62 of the General Laws, appearing in
2 the 2014 Official Edition, is hereby amended by inserting after subclause (I), the following
3 subclause:-
4 (J) An amount equal to the principal payments on education debts paid by an employer
5 on behalf of an employee who is a resident of the commonwealth; provided, however, that the
6 amount of the deduction shall not exceed $2,000. For purposes of this subclause, “education
7 debt” shall have the same meaning as defined in paragraph (12) of subsection (a) of Part B of
8 section 3.
9 SECTION 2. Chapter 63 of the General Laws, as appearing the 2014 Official Edition,
10 shall hereby be amended by inserting after section 38FF the following new section:-
11 Section 38GG. (a) For the purposes of this section, “education debt” shall have the same
12 meaning as defined in paragraph (12) of subsection (a) of Part B of section 3 of chapter 62.
1 of 2
13 (b) In determining the net income subject to tax under this chapter, a business corporation
14 shall be allowed a deduction of an amount equal to the principal payments on education debts
15 paid by the business corporation on behalf of an employee who is a resident of the
16 commonwealth; provided however, that the deduction taken for payments on education debts
17 paid on behalf of any individual employee shall not exceed $2,000.
2 of 2


Statutes affected:
Bill Text: 62-2