OR SB1034 | 2017 | Regular Session
Status
Completed Legislative Action
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Allows personal income and corporate excise taxpayers to subtract from taxable income amounts paid as principal of or interest on qualified education loans, if borrower is taxpayer or spouse, or dependent or employee of taxpayer. Reduces amount of allowed subtraction by amounts of interest deducted on federal return. Applies to interest paid in tax years beginning on or after January 1, 2017, and before January 1, 2023. Takes effect on 91st day following adjournment sine die.
Title
Relating to income tax subtractions for student loan payments; prescribing an effective date.
Sponsors
Roll Calls
2017-04-18 - Senate - Senate Committee Do pass and refer to Finance and Revenue by prior reference (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-07 | Senate | In committee upon adjournment. |
| 2017-04-26 | Senate | Referred to Finance and Revenue by prior reference. |
| 2017-04-26 | Senate | Recommendation: Do pass and be referred to Finance and Revenue by prior reference. |
| 2017-04-18 | Senate | Public Hearing and Work Session held. |
| 2017-03-22 | Senate | Referred to Education, then Finance and Revenue. |
| 2017-03-21 | Senate | Introduction and first reading. Referred to President's desk. |
