Bill Text: OR HB2507 | 2013 | Regular Session | Introduced

Oregon House Bill 2507 (Prior Session Legislation)

Bill Title: Relating to homestead property tax relief; prescribing an effective date.

Spectrum: Committee Bill

Status: (Failed) 2013-07-08 - In committee upon adjournment. [HB2507 Detail]

Download: Oregon-2013-HB2507-Introduced.html



     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 2259

                         House Bill 2507

Introduced and printed pursuant to House Rule 12.00. Presession
  filed (at the request of House Interim Committee on Revenue)

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Requires Department of Revenue and Legislative Revenue Office
to conduct study of costs and benefits of homestead property tax
relief program. Requires department and office to report results
of study to Legislative Assembly no later than October 1, 2014,
and present results of study around Oregon to local officials,
senior and disabled advocacy groups and other stakeholders no
later than April 1, 2015.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to homestead property tax relief; and prescribing an
  effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) The Department of Revenue and the
Legislative Revenue Office shall conduct a study on the costs and
benefits of establishing a homestead property tax exemption
program.
  (2) The study shall:
  (a) Determine the need for property tax relief in this state,
as measured by:
  (A) The ratio of property tax liability to income for the range
of income brackets;
  (B) The rate of foreclosure and home sales because of property
tax liability, by income and age brackets and disability
categories; and
  (C) The impact of projected property tax increases on taxpayers
living on fixed incomes.
  (b) Compare various tax relief approaches adopted by other
states, including, but not limited to, across-the-board homestead
exemption, circuit-breaker programs and property tax freezes for
all residents and for specific groups, including seniors,
veterans and other categories of disadvantaged taxpayers.
  (3) The department and the office shall establish a
consumer-oriented Homestead Exemption Advisory Committee to
assist in the conduct of the study.
  (4) The department and the office shall:
  (a) No later than October 1, 2014, report the results of the
study to an appropriate interim committee of the Legislative
Assembly.

  (b) No later than April 1, 2015, present the results of the
study in public presentations around the state to local
officials, senior and disabled advocacy groups and other
stakeholders. + }
  SECTION 2.  { + Section 1 of this 2013 Act is repealed on
January 2, 2016. + }
  SECTION 3.  { + This 2013 Act takes effect on the 91st day
after the date on which the 2013 regular session of the
Seventy-seventh Legislative Assembly adjourns sine die. + }
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