l9n/ Oregon

2013 Regular Session

House Bill 3319

Imposes tax on mortgage interest due lenders on residential real estate loans when loan amount exceeds real market value of residential property.

Did not become law. It stopped in the House of Representatives's Consumer Protection and Government Efficiency Committee on July 8, 2013. The 2013 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Imposes tax on mortgage interest due lenders on residential real estate loans when loan amount exceeds real market value of residential property. Requires borrower to file report with Department of Revenue to initiate tax. Delays imposition of tax by six months to permit lender and borrower to agree to loan modification or other basis to claim exemption from tax. Continuously appropriates revenues from tax to department to recoup costs of administering tax and for transfer to Senior Property Tax Deferral Revolving Account.

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

    HCPGE

    Its course

    February 25 to July 8, 2013, 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 RepresentativesFeb 25 to Jul 8 · stopped133 days

    Waiting for a committeeFeb 25 to Mar 47 days

    Consumer Protection and Government EfficiencyMar 4 to Jul 8 · stopped126 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 Feb 25 – Jul 8

    1. Feb 25Introduced
    2. Mar 4Sent to Consumer Protection and Government Efficiency
    3. Jul 8Died when the session ended
    All 3 actions, as published
    1. Feb 25First reading. Referred to Speaker's desk.House of Representatives
    2. Mar 4Referred to Consumer Protection and Government Efficiency with subsequent referral to Revenue, then Ways and Means.House of Representatives
    3. Jul 8In committee upon adjournment.House of Representatives