Did not become law. It stopped in the House of Representatives's Revenue Committee on March 6, 2026.
2026 Regular Session
House Bill 4136
Disallows, for purposes of personal income taxation, a 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 ends the tax deduction for mortgage interest paid for a taxpayer's second home. (Flesch Readability Score: 61.8). Disallows, for purposes of personal income taxation, a 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. Establishes the Oregon Homeownership Opportunity Account. Transfers an amount equal to the estimated increase in revenue attributable to restrictions on the deduction of mortgage interest to the account, for the purpose of making down payment assistance payments. 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
11 co-sponsors
Mark Gamba, Ken Helm, John Lively, Lamar Wise, Zach Hudson, Susan McLain, Lesly Muñoz, Willy Chotzen, Farrah Chaichi, Rob Nosse, Tom Andersen
In the Senate
Sponsor
Chief co-sponsor
7 co-sponsors
Lew Frederick, Sara Gelser Blouin, James Manning Jr., Deb Patterson, Khanh Pham, Floyd Prozanski, Janeen Sollman
Its course
February 2 to March 6, 2026, 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 action4 actions on 3 days
In the House of RepresentativesFeb 2 to Mar 6 · stopped32 days
Waiting for a committeeFeb 2 to Feb 20 days
RevenueFeb 2 to Mar 6 · stopped32 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 2 – Mar 6
All 4 actions, as published
- Feb 2First reading. Referred to Speaker's desk.House of Representatives
- Feb 2Referred to Revenue.House of Representatives
- Feb 16Public Hearing held.House of Representatives
- Mar 6In committee upon adjournment.House of Representatives