BILL · 2015–16 SESSION

HB 2201: Higher education funding

Funding tuition reductions and other higher education programs.

Summary

  • Repeals tax deductions for interest on investments or loans secured by mortgages or deeds of trust.
  • Requires tax collections from interest on investments or loans to be used to compensate institutions of higher education for a loss in tuition revenue created by a reduction in undergraduate tuition rates to be set in the operating budget.
  • Requires savings to state financial aid programs to be reinvested in those programs to serve additional students.
  • Subjects the act to a referendum with an effective date of January 1, 2016, if approved by a vote of the people.

From the House Bill Analysis 2015 (HB 2201), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedMar 23, 2015
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Chris Reykdal (D-22)
Introduced
March 23, 2015 in the House
Last action
March 10, 2016
Budget
Has a fiscal note

AN ACT Relating to funding tuition reductions and other higher education programs;

Sponsors

Prime sponsor: Chris Reykdal (D-22)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. Referred to Higher Education.
  7. Committee relieved of further consideration.
  8. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2201 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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