SB 956

  • Oregon Senate Bill
  • 2019 Regular Session
  • Introduced in Senate Mar 04, 2019
  • Senate
  • House
  • Governor

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

Abstract

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

Bill Sponsors (8)

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Jul 01, 2019

Senate

In committee upon adjournment.

Mar 06, 2019

Senate

Referred to Education, then Finance and Revenue, then Ways and Means.

Mar 04, 2019

Senate

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

Bill Text

Bill Text Versions Format
Introduced PDF

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