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Bills · 2023-2024 Regular Session

SB 984

Died at session end Official bill text Atom feed

Relating to: adopting the federal student loan forgiveness tax exclusion for state tax purposes. (FE)

Federal_state relations Income tax Legislature — Tax exemptions joint survey committee on Lemon law Scholarships and loans School — Administration

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill adopts for state income tax purposes the student loan debt relief tax

exclusion under the federal American Rescue Plan Act of 2021. Under federal law,

the student loan debt relief tax exclusion expires after the 2025 tax year. The bill

extends the exclusion for state tax purposes beyond the 2025 tax year.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Agard (D) , Carpenter (D) , Hesselbein (D) , L. Johnson (D) , Larson (D) , Pfaff (D) , Roys (D) , Smith (D) , Spreitzer (D) , Wirch (D)

25 cosponsors

Andraca (D) , Baldeh (D) , Bare (D) , Cabrera (D) , Clancy (D) , Conley (D) , Considine (D) , Drake (D) , Emerson (D) , Hong (D) , J. Anderson (D) , Jacobson (D) , Joers (D) , Madison (D) , Moore Omokunde (D) , Myers (D) , Neubauer (D) , Palmeri (D) , Ratcliff (D) , Shankland (D) , Shelton (D) , Sinicki (D) , Stubbs (D) , Subeck (D) , Vining (D)

Full history

  1. Jan 31, 2024 · Senate

    Introduced by Senators Roys, Smith, Agard, Carpenter, L. Johnson, Larson, Pfaff, Spreitzer, Wirch and Hesselbein; cosponsored by Representatives Andraca, Joers, J. Anderson, Baldeh, Bare, Cabrera, Conley, Considine, Drake, Emerson, Hong, Madison, Moore Omokunde, Myers, Neubauer, Ratcliff, Shankland, Shelton, Sinicki, Stubbs, Subeck, Vining, Palmeri and Clancy

  2. Jan 31, 2024 · Senate

    Read first time and referred to Committee on Universities and Revenue

  3. Feb 1, 2024 · Senate

    Representative Jacobson added as a cosponsor

  4. Feb 14, 2024 · Senate

    Fiscal estimate received

  5. Apr 15, 2024 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1