Oregon 2017 Regular Session Status: In Committee 2 D cosponsors

HB 2929 — Relating to student loan debt; prescribing an effective date.

Last action — In committee upon adjournment.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

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.

Bill Text

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

Read HB 2929 on the official Oregon source →

Action History

  1. In committee upon adjournment.

  2. Public Hearing held.

  3. Referred to Revenue by prior reference.

  4. Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.

  5. Work Session held.

  6. Work Session held.

  7. Public Hearing held.

  8. Referred to Higher Education and Workforce Development with subsequent referral to Revenue.

  9. First reading. Referred to Speaker's desk.

Sponsors

Sponsorship breakdown

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5 sponsors · 4 co-sponsors · 81 not signed on · 3 voted No

Sponsors (5)

Co-sponsors (4)

Not signed on (81)

81 members have not signed on to this bill.

Show all 81 →

"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

taxation education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 2929 do?
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.
Who sponsors HB 2929?
HB 2929 is sponsored by Julie Fahey (Democrat), Rob Nosse (Democrat), Teresa Alonso Leon, Karin Power, Jennifer Williamson, Caddy McKeown, Dan Rayfield, Paul Holvey, and Diego Hernandez.
What is the current status of HB 2929?
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 HB 2929?
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Last checked for changes 3 months ago · updated continuously

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