l9n/ Oregon

2019 Regular Session

House Bill 3349

Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale.

Did not become law. It stopped in the House of Representatives's Revenue Committee on June 30, 2019. The 2019 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence<b>, unless taxpayer sells residence or actively markets residence for sale</b>. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold amount. <b> <b>Establishes Oregon Housing Opportunity Account.</b> Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to <i>accounts in Oregon Housing Fund</i>]<b> account</b>. Applies to tax years beginning on or after January 1, 2019. 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

11 co-sponsors

Rob Nosse, Sheri Schouten, Tawna Sanchez, Tiffiny Mitchell, Chris Gorsek, Susan McLain, Ken Helm, Teresa Alonso Leon, John Lively, Mitch Greenlick, Barbara Smith Warner

In the Senate

4 co-sponsors

Michael Dembrow, Lew Frederick, James Manning Jr., Laurie Monnes Anderson

Its course

March 4 to June 30, 2019, 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 action11 actions on 9 days

In the House of RepresentativesMar 4 to Jun 30 · stopped118 days

Waiting for a committeeMar 4 to Mar 51 day

Human Services and HousingMar 5 to Apr 127 days

RevenueApr 1 to Jun 30 · stopped90 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Apr 1

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 Mar 4 – Jun 30

  1. Mar 4Introduced
  2. Mar 5Sent to Human Services and Housing
  3. Mar 11Heard in Human Services and Housing
  4. Mar 18Heard in Human Services and Housing
  5. Mar 20Heard in Human Services and Housing
  6. Mar 25Heard in Human Services and Housing
  7. Heard in Human Services and Housing
  8. Apr 1Human Services and Housing recommended it as amended, and that it go to Revenue
  9. Sent to Revenue
  10. Apr 15Heard in Revenue
  11. Jun 30Died when the session ended
All 11 actions, as published
  1. Mar 4First reading. Referred to Speaker's desk.House of Representatives
  2. Mar 5Referred to Human Services and Housing with subsequent referral to Revenue.House of Representatives
  3. Mar 11Public Hearing held.House of Representatives
  4. Mar 18Work Session held.House of Representatives
  5. Mar 20Work Session held.House of Representatives
  6. Mar 25Work Session held.House of Representatives
  7. Mar 25Work Session held.House of Representatives
  8. Apr 1Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.House of Representatives
  9. Apr 1Referred to Revenue by prior reference.House of Representatives
  10. Apr 15Public Hearing held.House of Representatives
  11. Jun 30In committee upon adjournment.House of Representatives