HB 3400 — Relating to an income tax subtraction for student loan interest; prescribing an effective date.
Last action — In committee upon adjournment.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.
Summary
Allows personal income taxpayer to subtract from taxable income amounts paid as interest on qualified education loans, if income does not exceed threshold amount. Limits amount of subtraction. Reduces amount of subtraction by amount 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 Text
We don't have the full text on file for this bill yet.
Read HB 3400 on the official Oregon source →Action History
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In committee upon adjournment.
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Motion to withdraw from Revenue failed.
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Referred to Revenue.
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First reading. Referred to Speaker's desk.
Sponsors
- E. Werner Reschke · Primary
- Denyc Boles · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 88 not signed on · 37 voted No
Sponsors (1)
- E. Werner Reschke Republican
Co-sponsors (1)
Not signed on (88)
88 members have not signed on to this bill.
Show all 88 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 12 | 24 | 0 | 1 |
| Democrat | 1 | 13 | 0 | 0 |
| Republican | 9 | 0 | 0 | 0 |
| Total | 22 | 37 | 0 | 1 |
| % of votes cast | 37% | 62% | 0% | 2% |
How each member voted (60)
Subjects
Frequently asked questions
- What does HB 3400 do?
- Allows personal income taxpayer to subtract from taxable income amounts paid as interest on qualified education loans, if income does not exceed threshold amount. Limits amount of subtraction. Reduces amount of subtraction by amount 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.
- Who sponsors HB 3400?
- HB 3400 is sponsored by E. Werner Reschke (Republican) and Denyc Boles.
- What is the current status of HB 3400?
- This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 3400?
- Track HB 3400 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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