2017 Regular Session
|At the request of:|
|Regular Sponsors:||Human Services and Housing|
|Bill Title:||Relating to tax treatment of mortgage interest; prescribing an effective date.|
|Catchline/Summary:||Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence.
Disallows deduction for interest for principal residence based upon income thresholds. Limits deduction for taxpayers below income thresholds. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to accounts in Oregon Housing Fund. Applies to tax years beginning on or after January 1, 2017. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Human Services and Housing|