Relating to income tax incentives for housing costs; prescribing an effective date.
Summary
Creates refundable personal income tax credit for mortgage interest payments made for taxpayer's principal residence. Phases out allowed amount of credit based on amount of federal adjusted gross income. Disallows, for purposes of personal income taxation, mortgage interest deduction for residence. Applies to tax years beginning on or after January 1, 2018, and before January 1, 2024. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2017
Committee Review
Floor Vote
Governor
Introduced Mar 2, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
2
Jul 7, 2017
Legislature · Reported by committee
In committee upon adjournment.
Mar 10, 2017
Legislature · Referred to committee
Referred to Revenue.
Mar 2, 2017
Legislature · Introduced
First reading. Referred to Speaker's desk.
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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