HB 2438
Authorizes county with population of less than 15,000 to adopt property tax exemption for newly constructed single-family dwellings built and occupied as primary residences by individuals with annual taxable income of not more than $75,000 if filing separately or not more than $150,000 if filing jointly.
| Status | Chapter Number Assigned |
| Sponsors | Nancy Nathanson (Democrat) (Chief), Bobby Levy (Republican), Gregory Smith (Republican) (Chief), Mark Owens (Republican), Marty Wilde (Democrat), Rick Lewis (Republican), Rep Leif |
| Fiscal impact | Has minimal fiscal impact |
| Revenue impact | Revenue impact issued |
Bill Text
Authorizes counties with populations under 15,000 to adopt property tax exemptions for newly constructed single-family dwellings meeting income requirements.
Sponsors#
Chief Sponsors: Nancy Nathanson
Overview#
Directs Legislative Revenue Officer to study property tax reform and report findings to interim committees of Legislative Assembly related to revenue no later than September 15, 2022.] Authorizes county with population of less than 15,000 to adopt property tax exemption for newly constructed single-family dwellings built and occupied as primary residences by individuals with annual taxable income of not more than $75,000 if filing separately or not more than $150,000 if filing jointly. Requires county to prescribe application forms for precertification process and exemption. Limits new exemptions to no more than five dwellings per county per property tax year. Allows county to determine length of exemption, between three and five years. Prohibits new exemptions for property tax years beginning on or after July 1, 2032. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Donna Bleiler | Salem | Oppose | 2021-05-28 |
| Donna Bleiler | Salem | Oppose | 2021-06-17 |
| Laurie Wimmer | Portland | Support | 2021-06-21 |
| David Wall | Newberg | Oppose | 2021-06-21 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | H | First reading. Referred to Speaker's desk. |
| 2021-01-19 | H | Referred to Revenue. |
| 2021-06-02 | H | Public Hearing held. |
| 2021-06-07 | H | Work Session held. |
| 2021-06-09 | H | Work Session held. |
| 2021-06-15 | H | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2021-06-17 | H | Second reading. |
| 2021-06-17 | H | Rules suspended. Third reading. Carried by Smith G. Passed. |
| 2021-06-17 | S | First reading. Referred to President's desk. |
| 2021-06-17 | S | Referred to Finance and Revenue. |
| 2021-06-21 | S | Public Hearing and Work Session held. |
| 2021-06-23 | S | Recommendation: Do pass the A-Eng. bill. |
| 2021-06-23 | S | Second reading. |
| 2021-06-23 | S | Rules suspended. Third reading. Carried by Findley. Passed. |
| 2021-06-23 | S | Vote explanation(s) filed by Heard. |
| 2021-06-24 | H | Speaker signed. |
| 2021-06-26 | S | President signed. |
| 2021-07-19 | H | Governor signed. |
| 2021-09-25 | H | Chapter 527, (2021 Laws): Effective date September 25, 2021. |