1.033 -Employer-Provided Educational Assistance

Item	Description	FY2008	FY2009	FY2010
1.033	Employer-Provided Educational Assistance Under the January 1, 1998 Code, Massachusetts had adopted the federal exclusion for qualified educational expenses reimbursed to an employee under an employer-provided education assistance program, however, for courses that began after May 31, 2000, Massachusetts no longer allowed the exclusion. As a result of the 2005 Code Update, Massachusetts adopts the federal exclusion for qualified educational expenses for undergraduate and graduate education expenses up to the federal annual maximum of $5,250 per calendar year. Origin: IRC secs. 127 and 132 Estimate: $8.0	7.5	7.4	8

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.