SB 147 Oregon Senate · 2019 Regular Session

Relating to income tax subtractions for student loan payments; prescribing an effective date.

Summary

Allows personal income and corporate excise taxpayers to subtract from taxable income amounts paid as principal of or interest on qualified education loans. 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, 2019, and before January 1, 2025. Takes effect on 91st day following adjournment sine die.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2019

Committee Review

Floor Vote

Governor

Introduced Jan 14, 2019 Last action Jul 1, 2019

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 1, 2019

Upper · Passed

In committee upon adjournment.

upper

Feb 11, 2019

Committee

Referred to Education by Order of the President, with a subsequent referral to Tax Expenditures.

upper

Feb 11, 2019

Committee

Recommendation: Without recommendation as to passage and be returned to President's desk for referral.

upper

Jan 15, 2019

Committee

Referred to Finance and Revenue.

upper

Jan 14, 2019

Introduced

Introduction and first reading. Referred to President's desk.

upper

2 primary · 1 co-sponsor