2019 Regular Session SB 162 Enrolled

• At the request of: (at the request of State Treasurer Tobias Read)
• Regular Sponsors: Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President.
• Bill Title: Relating to establishment of 529 accounts by taxpayers; and prescribing an effective date.

Catchline/Summary

Provides that personal income taxpayer may elect to establish account in Oregon 529 Savings Network through means provided by Department of Revenue.

Provides that personal income taxpayer may elect to establish account in Oregon 529 Savings Network through election on tax return form] means provided by Department of Revenue. Directs Department of Revenue to provide means for election on form.] Authorizes Oregon 529 Savings Board to work in coordination with department to provide means for establishment of accounts.

Applies to tax returns filed on or after January 1, 2021.

Takes effect on 91st day following adjournment sine die.

• Chapter Number: Chapter 316
• Fiscal Impact: Has Minimal Fiscal Impact
• Revenue Impact: Has Minimal Revenue Impact
• Current Location: Chapter Number Assigned