Oregon House Bill 2929 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 9-0)
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]

Establishes subtraction from personal income taxes for amounts that taxpayers pay in student loan interest. Specifies amount of and eligibility for subtraction. Establishes refundable credit against personal income taxes for contributions to higher education savings network account. Establishes tax credit for amounts contributed to higher education savings network accounts owned by employees of taxpayer. Increases limitation on subtraction for contribution to ABLE account or higher education savings network account to amount per designated beneficiary. Applies credits and subtractions to tax years beginning on or after January 1, 2017, and before January 1, 2023. Specifies that amount in account established for higher education expenses is disregarded for purposes of determining account owner's financial eligibility to receive assistance or benefit authorized by law, to extent permitted under federal law. Applies to eligibility determinations made on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.

Relating to student loan debt; prescribing an effective date.

Rep. Dan Rayfield [D]	Rep. Karin Power [D]	Rep. Diego Hernandez [D]	Rep. Teresa Alonso Leon [D]
Rep. Julianne Fahey [D]	Rep. Paul Holvey [D]	Rep. Caddy McKeown [D]	Rep. Robert Nosse [D]
Rep. Jennifer Williamson [D]

2017-04-18 - House - House Committee Do pass with amendments and be referred to Revenue by prior reference. (Printed A-Eng.) (Y: 6 N: 3 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-07-07	House	In committee upon adjournment.
2017-05-01	House	Public Hearing held.
2017-04-24	House	Referred to Revenue by prior reference.
2017-04-24	House	Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.
2017-04-18	House	Work Session held.
2017-04-11	House	Work Session held.
2017-03-28	House	Public Hearing held.
2017-02-20	House	Referred to Higher Education and Workforce Development with subsequent referral to Revenue.
2017-02-15	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2017R1/Measures/Overview/HB2929
Text	https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/HB2929/Introduced
Text	https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/HB2929/House%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/HB2929/A-Engrossed
Roll Call	https://olis.oregonlegislature.gov/liz/2017R1/CommitteeReports/MajorityReport/25478