An Act relative to tuition tax credit

This bill creates a state tax credit for higher education expenses. It allows taxpayers to claim a credit equal to 20% of qualified tuition and fees paid for higher education, up to a maximum of $5,000 per tax year. Any unused portion of the credit can be carried forward and applied to taxes for the next seven years. The credit directly affects individuals or families paying for college tuition and fees, reducing their state tax liability based on actual education costs.