Word: states
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Dates: during 1990-1999
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...idea of a full tax deduction had been proposed in the state legislature three times before but met objections to its $14 to $16 million cost, Jacques said...
Originally, the program was to offer an additional deduction on state income tax to make up for the interest that was not deductible from federal income taxes...
However, recent changes in federal policy on student loan interest more than halved the Massachusetts program's cost and made a change in state policy easier to sell...
...State Representative. Brian Knuuttila (D-Worcester and Middlesex), who sponsored the measure in the state House of Representatives, said the deduction is important for families who have more than two children and take out loans...
...state estimates that the tax deduction will cost the Massachusetts government about $6 million per year...