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]

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.

Tracking Information

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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]

History

DateChamberAction
2023-06-25HouseIn committee upon adjournment.
2023-06-21HouseReferred to Revenue.
2023-06-21HouseFirst reading. Referred to Speaker's desk.
2023-06-21SenateVote explanation(s) filed by Knopp.
2023-06-21SenateThird reading. Carried by Meek. Passed. Ayes, 25; Absent, 5--Boquist, Hayden, Linthicum, Robinson, Thatcher.
2023-06-20SenateSecond reading.
2023-06-16SenateRecommendation: Do pass with amendments. (Printed A-Eng.)
2023-05-31SenateWork Session held.
2023-02-27SenatePublic Hearing held.
2023-02-03SenateReferred to Finance and Revenue.
2023-01-31SenateIntroduction and first reading. Referred to President's desk.

Oregon State Sources

TypeSource
Summaryhttps://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB825
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB825/Introduced
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB825/Senate%20Amendments%20to%20Introduced
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB825/A-Engrossed
Amendmenthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/24612
Amendmenthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/25114
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/73605
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/262330
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/271901
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/275011
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/275258
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/275259
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/80124
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/80129
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/80164
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/276006
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/80745
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/CommitteeReports/MajorityReport/35950
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/Measures/MeasureVotes?id=588129

Bill Comments

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