| Item | Description | FY2010 | FY2011 | FY2012 |
|---|---|---|---|---|
| 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: $8.6 |
8.9 | 8.8 | 8.6 |
| 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. |