SB 1045

  • Oregon Senate Bill
  • 2019 Regular Session
  • Introduced in Senate May 17, 2019
  • Passed Senate May 16, 2019
  • Passed House Jun 20, 2019
  • Governor

Relating to the taxation of property used in a home share program; and prescribing an effective date.

Abstract

Authorizes city or county to adopt property tax exemption for portion] in amount not to exceed $300,000 of assessed value of principal place of residence used by homeowner to rent space in residence through public or nonprofit home share program to individuals seeking such space. Provides that exemption shall be granted as 100 percent exemption for five consecutive years unless city or county adopts other terms.] Provides that city or county] adopting jurisdiction must require means testing of home share seekers. Requires] home share rental agreement to offer space at rent affordable to home share seekers with income at or below level determined by city or county] 60 percent of area median income, must prohibit exemption for home share agreements among family members and must specify period for which exemption may be granted. Provides that exemption applies only to tax levy of city or county enacting exemption law and other taxing districts agreeing to grant exemption,] ordinance or resolution granting exemption may not take effect unless rates of taxation of adopting jurisdiction and taxing districts that agree to grant exemption equal 51 percent or more of total combined rate of taxation. Requires exemption to be granted to all residences on same terms in effect on date application is submitted.] Prohibits property receiving any other property tax benefit, other than homestead property tax deferral, from being granted home share exemption. Allows city or county] adopting jurisdiction to amend or terminate] exemption, subject to approval process of taxing districts described above, or repeal exemption, but provides that residences granted exemption continue to receive exemption under terms in effect at time exemption was first granted. Sets cap of 500 homes that may be granted exemption statewide in any property tax year. Sunsets authority of city or county to adopt exemption or deferral on June 30] that becomes effective after January 31, 2027. Repeals exemption program on January 2, 2029. Provides that residences granted exemption before repeal date continue to receive exemption under terms in effect at time granted] if term extends past repeal date. Takes effect on 91st day following adjournment sine die.

Bill Sponsors (6)

Mark Hass

  • Democratic
  • upper
  • 14
Primary

Bill Hansell

  • Republican
  • upper
  • 29
Primary

Marty Wilde

  • Democratic
  • lower
  • 11
Cosponsor

Cedric Hayden

  • Republican
  • lower
  • 7
Cosponsor

Alissa Keny-Guyer

  • Democratic
  • lower
  • 46
Cosponsor

Pam Marsh

  • Democratic
  • lower
  • 5
Cosponsor

Votes


Jun 18, 2019

May 09, 2019

Actions


Jul 23, 2019

Senate

Effective date, September 29, 2019.

Jul 23, 2019

Senate

Chapter 566, 2019 Laws.

Jul 15, 2019

Senate

Governor signed.

Jun 25, 2019

House

Speaker signed.

Jun 24, 2019

Senate

President signed.

Jun 20, 2019

House

Third reading. Carried by Marsh. Passed.

Jun 19, 2019

House

Second reading.

Jun 18, 2019

House

Recommendation: Do pass.

Jun 18, 2019

House

Work Session held.

Jun 05, 2019

House

Public Hearing held.

May 20, 2019

House

Referred to Revenue.

May 17, 2019

House

First reading. Referred to Speaker's desk.

May 16, 2019

Senate

Third reading. Carried by Hass. Passed.

May 15, 2019

Senate

Second reading.

May 14, 2019

Senate

Recommendation: Do pass with amendments. (Printed A-Eng.)

May 09, 2019

Senate

Work Session held.

May 02, 2019

Senate

Public Hearing and Work Session held.

Apr 30, 2019

Senate

Public Hearing and Work Session cancelled.

Apr 18, 2019

Senate

Public Hearing held.

Apr 05, 2019

Senate

Referred to Finance and Revenue.

Apr 04, 2019

Senate

Introduction and first reading. Referred to President's desk.

Bill Text

Bill Text Versions Format
SFR Amendment -2 PDF
Senate Amendments to Introduced PDF
Introduced PDF
Enrolled PDF
A-Engrossed PDF

Related Documents

Document Format
No related documents.

Sources

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