l9n/ Oregon

2012 Regular Session

House Bill 4039

Requires lender to notify potential borrower of prohibition against pledging tax-deferred homestead as security for reverse mortgage.

Became law as Chapter 13, Oregon Laws 2012, signed March 5, 2012, 33 days after it was filed. In force from June 4, 2012.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires lender to notify potential borrower of prohibition against pledging tax-deferred homestead as security for reverse mortgage. Allows taxpayer to elect to credit payments to deferred taxes payable as result of determination of ineligibility. Specifies classification of homesteads for purposes of determining county median RMV. Requires Department of Revenue to certify eligibility for deferral not less than once every three years. Requires department to report to interim committee regarding claim form for homestead property tax deferral program for property tax year beginning on July 1, 2012. Requires department to develop data gathering instrument to gather certain data related to taxpayers participating in homestead property tax deferral program. Delays, until property tax years beginning on or after July 1, 2013, prohibition on deferral of homestead property taxes for certain homesteads pledged as security for reverse mortgage. Takes effect on 91st day following adjournment sine die.

Its course

February 1 to March 5, 2012, 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 action19 actions on 15 days

In the House of RepresentativesFeb 1 to Feb 98 days

Waiting for a committeeFeb 1 to Feb 10 days

RevenueFeb 1 to Feb 76 days

In the SenateFeb 9 to Feb 2011 days

Waiting for a committeeFeb 9 to Feb 134 days

Finance and RevenueFeb 13 to Feb 152 days

Back in the House of RepresentativesFeb 20 to Feb 277 days

With the GovernorFeb 27 to Mar 57 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • House of Representatives, third reading58–0

    Passed · Feb 9 · 2 present

  • Senate, third reading30–0

    Passed · Feb 20

  • House of Representatives, concurrence59–0

    Agreed to the other chamber's changes · Feb 22 · 1 present

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Feb 7

  • Senate committee amendmentAdopted

    Adopted Feb 15

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 Feb 1 – Feb 9

  1. Feb 1Introduced
  2. Sent to Revenue
  3. Feb 3Heard in Revenue
  4. Feb 6Heard in Revenue
  5. Feb 7Revenue recommended it as amended
  6. Feb 8Read a second time
  7. Feb 9Passed the House of Representatives, 58 to 0

In the Senate Feb 10 – Feb 20

  1. Feb 10Arrived in the Senate
  2. Feb 13Sent to Finance and Revenue
  3. Feb 15Heard in Finance and Revenue
  4. Finance and Revenue recommended it as amended
  5. Feb 16Read a second time
  6. Feb 20Passed the Senate, 30 to 0

Back in the House of Representatives Feb 22 – Feb 27

  1. Feb 22The House of Representatives agreed to the Senate's amendments and passed it again, 59 to 0
  2. Feb 27Signed in the House of Representatives

To the Governor Feb 27 – Mar 5

  1. Feb 27Signed in the Senate
  2. Mar 5Signed by the Governor
  3. Became chapter 13 of Oregon Laws 2012, in force from June 4, 2012
All 19 actions, as published
  1. Feb 1First reading. Referred to the desks of the Co-Speakers.House of Representatives
  2. Feb 1Referred to Revenue.House of Representatives
  3. Feb 3Public Hearing held.House of Representatives
  4. Feb 6Work Session held.House of Representatives
  5. Feb 7Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
  6. Feb 8Second reading.House of Representatives
  7. Feb 9Third reading. Carried by Barnhart,Berger. Passed.House of Representatives
  8. Feb 10First reading. Referred to President's desk.Senate
  9. Feb 13Referred to Finance and Revenue.Senate
  10. Feb 15Public Hearing and Work Session held.Senate
  11. Feb 15Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
  12. Feb 16Second reading.Senate
  13. Feb 17Carried over to 02-20 by unanimous consent.Senate
  14. Feb 20Third reading. Carried by Burdick. Passed.Senate
  15. Feb 22House concurred in Senate amendments and repassed bill.House of Representatives
  16. Feb 27Co-Speakers signed.House of Representatives
  17. Feb 27President signed.Senate
  18. Mar 5Governor signed.House of Representatives
  19. Mar 5Chapter 13, (2012 Laws): Effective date June 4, 2012.House of Representatives