OR SB825 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]
Summary
Modifies provisions governing first-time home buyer savings accounts. Modifies provisions governing first-time home buyer savings accounts. Eliminates requirement that financial institution provide annual certificate with account details to account holders. Allows account holder to designate proposed first-time home buyer as beneficiary of account. Specifies information that must be provided] maintained by taxpayer claiming subtraction or exemption for accounts. Limits Department of Revenue rulemaking. Applies to all] first-time home buyer savings accounts whenever] created on or after January 1, 2024. Takes effect on 91st day following adjournment sine die.
Title
Relating to first-time home buyer savings accounts; prescribing an effective date.
Sponsors
Roll Calls
2023-06-21 - Senate - Senate Third Reading (Y: 25 N: 0 NV: 0 Abs: 5) [PASS]
2023-05-31 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2023-05-31 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-06-25 | House | In committee upon adjournment. |
2023-06-21 | House | Referred to Revenue. |
2023-06-21 | House | First reading. Referred to Speaker's desk. |
2023-06-21 | Senate | Vote explanation(s) filed by Knopp. |
2023-06-21 | Senate | Third reading. Carried by Meek. Passed. Ayes, 25; Absent, 5--Boquist, Hayden, Linthicum, Robinson, Thatcher. |
2023-06-20 | Senate | Second reading. |
2023-06-16 | Senate | Recommendation: Do pass with amendments. (Printed A-Eng.) |
2023-05-31 | Senate | Work Session held. |
2023-02-27 | Senate | Public Hearing held. |
2023-02-03 | Senate | Referred to Finance and Revenue. |
2023-01-31 | Senate | Introduction and first reading. Referred to President's desk. |