l9n/ Oregon

2024 Regular Session

Senate Bill 1527

Modifies provisions governing first-time home buyer savings accounts.

Became law as Chapter 53, Oregon Laws 2024, signed March 27, 2024, 51 days after it was filed. In force from June 6, 2024.

What it does

The synopsis the Legislative Assembly published with the bill.

Digest: Changes accounts for first-time home buyers, for accounts starting in 2025. Requires taxpayer to keep records. Changes rules for banks. Becomes law 91 days from sine die. (Flesch Readability Score: 62.1). Modifies provisions governing first-time home buyer savings accounts. Eliminates the requirement that a financial institution provide an annual certificate with account details to account holders. Allows an account holder to designate a proposed first-time home buyer as a beneficiary of the account. Specifies information that must be maintained by a taxpayer claiming a subtraction or exemption for accounts. Limits Department of Revenue rulemaking. Applies to first-time home buyer savings accounts created on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.

Its course

February 5 to March 28, 2024, 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 action19 actions on 13 days

In the SenateFeb 5 to Feb 2015 days

Waiting for a committeeFeb 5 to Feb 50 days

Finance and RevenueFeb 5 to Feb 1611 days

In the House of RepresentativesFeb 20 to Mar 514 days

Waiting for a committeeFeb 20 to Feb 211 day

RevenueFeb 21 to Mar 412 days

With the GovernorMar 5 to Mar 2722 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • Senate, third reading30–0

    Passed · Feb 20

  • House of Representatives, third reading52–0

    Passed · Mar 5 · 8 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Feb 16

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 Feb 5 – Feb 20

  1. Feb 5Introduced
  2. Sent to Finance and Revenue
  3. Feb 6Heard in Finance and Revenue
  4. Feb 12Heard in Finance and Revenue
  5. Feb 16Finance and Revenue recommended it as amended
  6. Feb 19Read a second time
  7. Feb 20Passed the Senate, 30 to 0

In the House of Representatives Feb 21 – Mar 5

  1. Feb 21Arrived in the House of Representatives
  2. Sent to Revenue
  3. Feb 29Heard in Revenue
  4. Mar 4Heard in Revenue
  5. Revenue recommended it
  6. Mar 5Read a second time
  7. Passed the House of Representatives, 52 to 0

To the Governor Mar 7 – Mar 28

  1. Mar 7Signed in the Senate
  2. Signed in the House of Representatives
  3. Mar 27Signed by the Governor
  4. Mar 28Became chapter 53 of Oregon Laws 2024
  5. In force from June 6, 2024
All 19 actions, as published
  1. Feb 5Introduction and first reading. Referred to President's desk.Senate
  2. Feb 5Referred to Finance and Revenue.Senate
  3. Feb 6Public Hearing held.Senate
  4. Feb 12Work Session held.Senate
  5. Feb 16Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
  6. Feb 19Second reading.Senate
  7. Feb 20Third reading. Carried by Meek. Passed.Senate
  8. Feb 21First reading. Referred to Speaker's desk.House of Representatives
  9. Feb 21Referred to Revenue.House of Representatives
  10. Feb 29Public Hearing held.House of Representatives
  11. Mar 4Work Session held.House of Representatives
  12. Mar 4Recommendation: Do pass.House of Representatives
  13. Mar 5Second reading.House of Representatives
  14. Mar 5Rules suspended. Third reading. Carried by Breese-Iverson. Passed.House of Representatives
  15. Mar 7President signed.Senate
  16. Mar 7Speaker signed.House of Representatives
  17. Mar 27Governor signed.Senate
  18. Mar 28Chapter 53, 2024 Laws.Senate
  19. Mar 28Effective date, June 6, 2024.Senate