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MA S1962

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

William Driscoll

Click for details

Origin

Senate

194th General Court

AI Summary

  • Amends Chapter 62 of Massachusetts General Laws to add a new tax exclusion for permanently and totally disabled veterans
  • Excludes from Massachusetts gross income any student loan forgiveness amounts received by veterans with permanent and total disabilities
  • Applies specifically to educational loan discharges under IRC section 108(f)(5)(A)(iii), which covers Total and Permanent Disability (TPD) discharge programs
  • Filed by Senator William J. Driscoll, Jr. (Norfolk, Plymouth and Bristol) on January 16, 2025
  • Similar legislation was previously filed as House Bill 2778 in the 2023-2024 legislative session

Legislative Description

Excluding student loan forgiveness from taxable income for permanently and totally disabled veterans

Last Action

Hearing scheduled for 06/24/2025 from 10:30 AM-01:00 PM in A-2

6/17/2025

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available