Did not become law. It stopped in the House of Representatives's Housing and Homelessness Committee on June 27, 2025. The 2025 session has ended.
2025 Regular Session
House Bill 3900
Disallows, for purposes of personal income taxation, the mortgage interest deduction for a residence other than the taxpayer's principal residence, unless the taxpayer sells the residence or actively markets the residence for sale.
What it does
The synopsis the Legislative Assembly published with the bill.
Digest: The Act says a taxpayer must pay income tax on interest paid on a loan for a second or third or additional home. The Act says some taxpayers must pay income tax on some or all interest paid on loans for a principal home. (Flesch Readability Score: 69.1). Disallows, for purposes of personal income taxation, the mortgage interest deduction for a residence other than the taxpayer's principal residence, unless the taxpayer sells the residence or actively markets the residence for sale. Phases out the allowable deduction for the interest for a principal residence based upon income. Disallows a deduction for a principal residence above the threshold income amount. Establishes the Oregon Housing Opportunity Account. Transfers an amount equal to the estimated increase in revenue attributable to restrictions on the deduction of mortgage interest to the account. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 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
Sponsor
Its course
February 27 to June 27, 2025, 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 action3 actions on 3 days
In the House of RepresentativesFeb 27 to Jun 27 · stopped120 days
Waiting for a committeeFeb 27 to Mar 45 days
Housing and HomelessnessMar 4 to Jun 27 · stopped115 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 Feb 27 – Jun 27
- Feb 27Introduced
- Mar 4Sent to Housing and Homelessness
- Jun 27Died when the session ended
All 3 actions, as published
- Feb 27First reading. Referred to Speaker's desk.House of Representatives
- Mar 4Referred to Housing and Homelessness with subsequent referral to Revenue.House of Representatives
- Jun 27In committee upon adjournment.House of Representatives