MA S1984

Creates a 30% refundable tax credit for donations to means-tested scholarship programs at accredited private K-12 schools in Massachusetts, with a maximum credit of $250,000 per donation

Targets low-and-moderate-income students who would otherwise be accepted to tuition-based schools but cannot afford tuition, fees, and related expenses, including students in foster care or out-of-home care

Caps total annual tax credits at $20,000,000 combined for individual taxpayers (Chapter 62) and corporate taxpayers (Chapter 63), with authorization required from the Secretaries of Education and Administration and Finance

Requires annual reporting by recipient schools on the number and dollar value of individual contributions, corporate contributions, and scholarships awarded to eligible students

Takes effect for tax years beginning on or after January 1, 2026, with the State Auditor required to issue economic analysis reports within 2 years and annually thereafter