An Act establishing an income tax credit for parents contributing to a child's college tuition

This bill proposes creating a state income tax credit for parents in Massachusetts who pay for their dependent children's college tuition. Under the plan, eligible parents earning less than $100,000 annually could receive a credit of up to $2,500 per child for each year they contribute to tuition costs. The income limit would be adjusted each year based on changes in the consumer price index to maintain its value over time. This measure directly impacts middle-income families by reducing their state tax liability when they spend money on higher education expenses for their dependents.