Oregon Senate Bill 60 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Failed on July 6 2015 - 100% progression
Action: 2015-07-06 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Creates exception to five-year ownership requirement for homestead if claimant for deferral moved to homestead from homestead that met five-year ownership requirement. Allows deferral for homestead that is insurable for fire and other casualty. Authorizes Department of Revenue to purchase insurance for homestead and add cost to lien for deferred taxes. Repeals prohibition against pledging homestead on which property taxes are deferred as security for reverse mortgage. Takes effect on 91st day following adjournment sine die.

Relating to the homestead property tax deferral program; prescribing an effective date.

No sponsor information available at this time.

Date	Chamber	Action
2015-07-06	Senate	In committee upon adjournment.
2015-01-20	Senate	Referred to Finance and Revenue.
2015-01-12	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2015R1/Measures/Overview/SB60
Text	https://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB60/Introduced