l9n/ Oregon

2020 Regular Session

Senate Bill 1541

Provides, for purposes of ad valorem property taxation, frozen assessed value for homestead of individual at least 68 years old, or person with disability, if homestead and individual would be eligible for homestead property tax deferral program but for fact that homestead is pledged as security for reverse mortgage.

Did not become law. It stopped in the Senate's Ways and Means Committee on March 8, 2020. The 2020 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Provides, for purposes of ad valorem property taxation, frozen assessed value for homestead of individual at least 68 years old, or person with disability, if homestead and individual would be eligible for homestead property tax deferral program but for fact that homestead is pledged as security for reverse mortgage. Provides that frozen assessed value equals assessed value of homestead for property tax year immediately preceding first property tax year to which valid claim relates. <i>Provides for unfreezing of assessed value if new property or new improvements are added to tax account of homestead.</i>] Provides that, after occurrence of certain circumstances, <i>assessed value shall be what it would have been if homestead had never been granted frozen assessed value</i>] <b>homestead shall be assessed and taxed as other property similarly situated is assessed and taxed</b>. Sunsets program after six years. Grandfathers homesteads granted frozen assessed value before sunset. 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 Senate

6 co-sponsors

Denyc Boles, Lynn Findley, Mark Hass, Dallas Heard, Dennis Linthicum, Kim Thatcher

In the House of Representatives

3 co-sponsors

Christine Drazan, E. Werner Reschke, Jack Zika

Its course

January 27 to March 8, 2020, 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 action8 actions on 5 days

In the SenateJan 27 to Mar 8 · stopped41 days

Waiting for a committeeJan 27 to Feb 37 days

Finance and RevenueFeb 3 to Feb 2724 days

Ways and MeansFeb 27 to Mar 8 · stopped10 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Feb 27

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 Senate Jan 27 – Mar 8

  1. Jan 27Filed before the session
  2. Feb 3Introduced
  3. Sent to Finance and Revenue
  4. Feb 7Heard in Finance and Revenue
  5. Feb 27Heard in Finance and Revenue
  6. Finance and Revenue recommended it as amended, and that it go to Ways and Means
  7. Sent to Ways and Means
  8. Mar 8Died when the session ended
All 8 actions, as published
  1. Jan 27Presession Released to the Public.Senate
  2. Feb 3Introduction and first reading. Referred to President's desk.Senate
  3. Feb 3Referred to Finance and Revenue.Senate
  4. Feb 7Public Hearing and Work Session held.Senate
  5. Feb 27Work Session held.Senate
  6. Feb 27Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)Senate
  7. Feb 27Referred to Ways and Means by order of the President.Senate
  8. Mar 8In committee upon adjournment.Senate