l9n/ Oregon

2011 Regular Session

House Bill 2216

Creates income tax credit for mortgage holder upon sale of single-family residence if secured indebtedness exceeds sale price or in case of foreclosure.

Did not become law. It stopped in the House of Representatives's Revenue Committee on June 30, 2011. The 2011 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Creates income tax credit for mortgage holder upon sale of single-family residence if secured indebtedness exceeds sale price or in case of foreclosure. Requires purchaser to be under 30 years of age. Requires taxpayer claiming credit to make loan to purchaser. Establishes application fee. Directs Department of Consumer and Business Services to certify transactions eligible for credit. Applies to sales of residences taking place after effective date of Act and to tax years beginning on or after January 1, 2011, and before January 1, 2013. Establishes Community Reinvestment Account. Continuously appropriates moneys in account to Department of Consumer and Business Services for expenses of income tax credit program. Takes effect on 91st day following adjournment sine die.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

1 co-sponsor

Jeff Barker

Its course

January 11 to June 30, 2011, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action3 actions on 3 days

In the House of RepresentativesJan 11 to Jun 30 · stopped170 days

Waiting for a committeeJan 11 to Jan 2110 days

RevenueJan 21 to Jun 30 · stopped160 days

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Jan 11 – Jun 30

  1. Jan 11Introduced
  2. Jan 21Sent to Revenue
  3. Jun 30Died when the session ended
All 3 actions, as published
  1. Jan 11First reading. Referred to the desks of the Co-Speakers.House of Representatives
  2. Jan 21Referred to Revenue with subsequent referral to Tax Credits.House of Representatives
  3. Jun 30In committee upon adjournment.House of Representatives