2017 Regular Session
|At the request of:|
|Bill Title:||Relating to savings accounts.|
Establishes Oregon Universal Savings Account Board to create and maintain Oregon Universal Savings Account Program.
Provides that program must allow individuals to establish savings accounts without certain restrictions on contributions and withdrawals. Allows account holders to subtract earnings on accounts from taxable income to extent includable in gross income for federal income tax purposes. Establishes Oregon Universal Savings Account Program Fund. Continuously appropriates moneys in fund to board for purposes of administration of fund.
|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 Senate Committee|
|Current Committee:||Senate Committee On Business and Transportation|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|