Oregon House Bill 3349 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 21-0)
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]

Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale. Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold amount. Establishes Oregon Housing Opportunity Account. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to accounts in Oregon Housing Fund] account. Applies to tax years beginning on or after January 1, 2019. Takes effect on 91st day following adjournment sine die.

Relating to tax treatment of mortgage interest; prescribing an effective date.

Rep. Alissa Keny-Guyer [D]	Sen. Shemia Fagan [D]	Sen. Elizabeth Steiner Hayward [D]	Rep. Julianne Fahey [D]
Rep. Diego Hernandez [D]	Sen. Jeffrey Golden [D]	Rep. Teresa Alonso Leon [D]	Sen. Chris Gorsek [D]
Rep. Mitch Greenlick [D]	Rep. Ken Helm [D]	Rep. John Lively [D]	Rep. Susan McLain [D]
Rep. Tiffiny Mitchell [D]	Rep. Robert Nosse [D]	Rep. Tawna Sanchez [D]	Rep. Sheri Malstrom Schouten [D]
Rep. Barbara Warner [D]	Sen. Michael Dembrow [D]	Sen. Lew Frederick [D]	Sen. James Manning [D]
Sen. Laurie Monnes Anderson [D]

2019-03-25 - House - House Committee Do pass with amendments and be referred to Revenue by prior reference. (Printed A-Eng.) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2019-06-30	House	In committee upon adjournment.
2019-04-15	House	Public Hearing held.
2019-04-01	House	Referred to Revenue by prior reference.
2019-04-01	House	Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.
2019-03-25	House	Work Session held.
2019-03-25	House	Work Session held.
2019-03-11	House	Public Hearing held.
2019-03-05	House	Referred to Human Services and Housing with subsequent referral to Revenue.
2019-03-04	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/HB3349
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB3349/Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB3349/House%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB3349/A-Engrossed
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/28372