HB 4007

  • Oregon House Bill
  • 2018 Regular Session
  • Introduced in House Mar 03, 2018
  • House
  • Senate
  • Signed by Governor Apr 13, 2018

Relating to housing; prescribing an effective date; and providing for revenue raising that requires approval by a three-fifths majority.

Abstract

Permits individual to create first-time home buyer savings account with financial institution to pay or reimburse account holder's eligible costs for first-time purchase of single family residence. Allows subtraction from account holder's federal taxable income of amounts contributed to first-time home buyer savings account during each tax year. Exempts from taxation amount of interest and other income earned on account. Establishes amount and time limitations on subtractions and exemptions from taxable income. Provides that withdrawals for purposes other than approved purposes are taxable income to account holder and subject to penalty. Applies to tax years beginning on or after January 1, 2019, and before January 1, 2027] 2037. Increases amount of fees charged and collected by county clerks to record or file certain real property documents and transferred to Housing and Community Services Department accounts for housing-related programs. Exempts county tax collectors from paying certain fees. Takes effect on 91st day following adjournment sine die.

Bill Sponsors (0)

Votes


Actions


Apr 18, 2018

Oregon Legislative Assembly

Chapter 109, (2018 Laws): Effective date June 2, 2018.

Apr 13, 2018

Oregon Legislative Assembly

Governor signed.

Mar 13, 2018

Oregon Legislative Assembly

President signed.

Mar 07, 2018

Oregon Legislative Assembly

Speaker signed.

Mar 03, 2018

Oregon Legislative Assembly

Vote explanation filed by Boquist.

Mar 03, 2018

Oregon Legislative Assembly

Rules suspended. Third reading. Carried by Monroe. Passed.

Mar 03, 2018

Oregon Legislative Assembly

Second reading.

Mar 03, 2018

Oregon Legislative Assembly

Recommendation: Do pass the C-Eng. bill.

Mar 03, 2018

Oregon Legislative Assembly

Referred to Ways and Means.

Mar 03, 2018

Oregon Legislative Assembly

First reading. Referred to President's desk.

Mar 03, 2018

Oregon Legislative Assembly

Vote explanation(s) filed by Smith DB.

Mar 03, 2018

Oregon Legislative Assembly

Rules suspended. Third reading. Carried by Keny-Guyer. Passed.

Mar 03, 2018

Oregon Legislative Assembly

Second reading.

Mar 03, 2018

Oregon Legislative Assembly

Recommendation: Do pass with amendments and be printed C-Engrossed.

Mar 02, 2018

Oregon Legislative Assembly

Work Session held.

Mar 01, 2018

Oregon Legislative Assembly

Returned to Full Committee.

Mar 01, 2018

Oregon Legislative Assembly

Work Session held.

Feb 27, 2018

Oregon Legislative Assembly

Assigned to Subcommittee On Capital Construction.

Feb 26, 2018

Oregon Legislative Assembly

Referred to Ways and Means by order of Speaker.

Feb 26, 2018

Oregon Legislative Assembly

Recommendation: Do pass with amendments, be printed B-Engrossed, and be referred to Ways and Means.

Feb 22, 2018

Oregon Legislative Assembly

Work Session held.

Feb 21, 2018

Oregon Legislative Assembly

Public Hearing held.

Feb 20, 2018

Oregon Legislative Assembly

Public Hearing held.

Feb 19, 2018

Oregon Legislative Assembly

Referred to Revenue by prior reference.

Feb 19, 2018

Oregon Legislative Assembly

Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.

Feb 15, 2018

Oregon Legislative Assembly

Work Session held.

Feb 13, 2018

Oregon Legislative Assembly

Work Session held.

Feb 06, 2018

Oregon Legislative Assembly

Public Hearing held.

Feb 05, 2018

Oregon Legislative Assembly

Referred to Human Services and Housing with subsequent referral to Revenue.

Feb 05, 2018

Oregon Legislative Assembly

First reading. Referred to Speaker's desk.

Jan 22, 2018

Oregon Legislative Assembly

Presession Released to the Public.

Bill Text

Bill Text Versions Format
Introduced PDF
House Amendments to Introduced PDF
House Amendments to B-Engrossed PDF
House Amendments to A-Engrossed PDF
Enrolled PDF
C-Engrossed PDF
B-Engrossed PDF
A-Engrossed PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Oregon Legislative Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.