l9n/ Oregon

2023 Regular Session

House Bill 3010

Limits, for purposes of personal income taxation, amount of allowed mortgage interest deduction.

Did not become law. It stopped in the House of Representatives's Revenue Committee on June 25, 2023. The 2023 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Limits, for purposes of personal income taxation, amount of allowed mortgage interest deduction. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2028. Establishes Oregon First-Time Home Buyer Account. Transfers amount equal to 50 percent of estimated increase in revenue attributable to restriction on deduction of mortgage interest to account. Establishes credit against personal income taxes for percentage of purchase price of home purchased by first-time home buyer. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2028. Establishes Task Force on First-Time Ownership. Requires task force to report findings and recommendations to interim committee of Legislative Assembly related to revenue on or before September 15, 2024. Sunsets task force December 31, 2024. 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

3 co-sponsors

Zach Hudson, Ricki Ruiz, Nathan Sosa

Its course

January 9 to June 25, 2023, 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 action6 actions on 5 days

In the House of RepresentativesJan 9 to Jun 25 · stopped167 days

Waiting for a committeeJan 9 to Jan 167 days

Housing and HomelessnessJan 16 to Mar 2467 days

RevenueMar 24 to Jun 25 · stopped93 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 Jan 9 – Jun 25

  1. Jan 9Introduced
  2. Jan 16Sent to Housing and Homelessness
  3. Mar 21Heard in Housing and Homelessness
  4. Mar 24Housing and Homelessness reported it without a recommendation, and that it go to Revenue
  5. Sent to Revenue
  6. Jun 25Died when the session ended
All 6 actions, as published
  1. Jan 9First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 16Referred to Housing and Homelessness with subsequent referral to Tax Expenditures.House of Representatives
  3. Mar 21Work Session held.House of Representatives
  4. Mar 24Without recommendation as to passage, be referred to Revenue, then Tax Expenditures by prior reference, then Ways and Means.House of Representatives
  5. Mar 24Referred to Revenue by order of Speaker and Tax Expenditures by prior reference and then Ways and Means by order of the Speaker.House of Representatives
  6. Jun 25In committee upon adjournment.House of Representatives