Oregon 2017 Regular Session Status: In Committee

SB 1034 — Relating to income tax subtractions for student loan payments; prescribing an effective date.

Last action — In committee upon adjournment.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017 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This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

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.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 1034 on the official Oregon source →

Action History

  1. In committee upon adjournment.

  2. Referred to Finance and Revenue by prior reference.

  3. Recommendation: Do pass and be referred to Finance and Revenue by prior reference.

  4. Public Hearing and Work Session held.

  5. Referred to Education, then Finance and Revenue.

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

Sponsors

Sponsorship breakdown

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3 sponsors · 0 co-sponsors · 87 not signed on

Co-sponsors (0)

None.

Not signed on (87)

87 members have not signed on to this bill.

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"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

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Frequently asked questions

What does SB 1034 do?
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.
Who sponsors SB 1034?
SB 1034 is sponsored by Chuck Thomsen, Tim Knopp, and Peter Courtney.
What is the current status of SB 1034?
This bill died with 2017 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 SB 1034?
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