An Act for a literacy tax credit

Massachusetts bill SD 903 creates a Literacy Tax Credit (LTC) for individuals who help others achieve literacy through approved programs. It provides tax credits ranging from $750 to $2,200 per person helped, adjusted annually for inflation, to "Literacy Sponsors" working with accredited educational organizations. The program requires literacy assessments for learners and sets standards through the Massachusetts Department of Education. It directly affects volunteers and organizations supporting literacy efforts, aiming to reduce functional illiteracy across the state.