l9n/ Oregon

2021 Regular Session

Senate Bill 852

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 Senate's Finance and Revenue Committee on June 26, 2021. The 2021 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, unless taxpayer sells residence or actively markets residence for sale. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold income amount. Establishes Oregon Housing Opportunity Account. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to account. Applies to tax years beginning on or after January 1, 2022. 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

2 co-sponsors

Michael Dembrow, Jeff Golden

In the House of Representatives

Its course

March 17 to June 26, 2021, 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 action9 actions on 7 days

In the SenateMar 17 to Jun 26 · stopped101 days

Waiting for a committeeMar 17 to Mar 170 days

Housing and DevelopmentMar 17 to Apr 1630 days

Finance and RevenueApr 16 to Jun 26 · stopped71 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 Senate Mar 17 – Jun 26

  1. Mar 17Introduced
  2. Sent to Housing and Development
  3. Apr 1Heard in Housing and Development
  4. Apr 8Heard in Housing and Development
  5. Apr 16Housing and Development recommended it, and that it go to Finance and Revenue
  6. Sent to Finance and Revenue
  7. May 13Heard in Finance and Revenue
  8. Jun 26Died when the session ended
All 9 actions, as published
  1. Mar 17Introduction and first reading. Referred to President's desk.Senate
  2. Mar 17Referred to Housing and Development, then Finance and Revenue.Senate
  3. Apr 1Public Hearing held.Senate
  4. Apr 8Work Session held.Senate
  5. Apr 16Recommendation: Do pass and be referred to Finance and Revenue by prior reference.Senate
  6. Apr 16Referred to Finance and Revenue by prior reference.Senate
  7. May 3Public Hearing Cancelled.Senate
  8. May 13Public Hearing held.Senate
  9. Jun 26In committee upon adjournment.Senate