HB 2551
Extends and modifies tax credits for donations for individual development accounts.
| Status | In House Committee (JCTE) |
| Sponsors | Mark Meek (Democrat) (Chief), Rep Leif, Sheri Schouten (Democrat), Marty Wilde (Democrat), Jack Zika (Republican), Khanh Pham (Democrat), Brad Witt (Democrat), John Lively (Democrat), Lisa Reynolds (Democrat), Courtney Neron Misslin (Democrat), Mark Owens (Republican), Rob Nosse (Democrat), Janelle Bynum (Democrat), Ron Noble (Republican), Bobby Levy (Republican), Andrea Valderrama (Democrat), E. Werner Reschke (Republican), Gregory Smith (Republican) (Chief) |
| Fiscal impact | Fiscal impact issued |
| Revenue impact | Revenue impact issued |
Bill Text
Extends and modifies tax credits for donations to individual development accounts and establishes a fund to support these savings programs for low-income individuals.
Sponsors#
Chief Sponsors: Mark Meek
Co-Sponsors: Unknown Legislator, Sheri Schouten
Overview#
Establishes Individual Development Account Fund. Continuously appropriates moneys in fund to Housing and Community Services Department to support fiduciary organizations’ development of individual development accounts. Modifies individual development account program and decouples program from sunset tax credit program.] Appropriates moneys to the fund.] Extends and modifies tax credits for donations for individual development accounts. Applies to tax years beginning on or after January 1, 2022, and before January 1, 2028. Modifies individual development account program.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Rebekah Bassett | CASA of Oregon | Support | 2021-03-04 |
| Bri Condon | Portland | Support | 2021-03-04 |
| Lisa Dawson | Enterprise | Support | 2021-03-04 |
| Frank Boothby | Grants Pass | Support | 2021-03-04 |
| Stella Lanausse | Portland | Support | 2021-03-04 |
| Britney King | Sherwood | Support | 2021-03-04 |
| Donna Holt | Linn-Benton Housing Authority | Support | 2021-03-04 |
| Lauren Zimmermann | Portland | Support | 2021-03-05 |
| Eileen Purcell | Astoria | Support | 2021-03-05 |
| Lane Thompson | Portland OR | Support | 2021-03-05 |
| Amy Magnussen | Clatsop Community College | Support | 2021-03-05 |
| Cindy Robert | OAICU | Support | 2021-03-06 |
| Komi Kalevor | Housing Authority of Washington County | Support | 2021-03-08 |
| Sonia Capece | NeighborImpact | Support | 2021-03-08 |
| Rebekah Albert | Portland | Support | 2021-03-08 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-03-08 |
| Karen Saxe | DevNW | Support | 2021-03-08 |
| Chris Coughlin | Our Children Oregon | Support | 2021-03-08 |
| Claudia Maciel | Salem | Support | 2021-03-08 |
| Diane Linn | Proud Ground | Support | 2021-03-08 |
| David Brandt | Redmond | Support | 2021-03-08 |
| CRISTINA GOMEZ | GRESHAM | Support | 2021-03-08 |
| Ernesto Fonseca | Hacienda CDC | Support | 2021-03-08 |
| Megan Parrott | Habitat for Humanity of Oregon | Support | 2021-03-09 |
| Pam Leavitt | Northwest Credit Union Association | Support | 2021-03-09 |
| Carlos David Garcia | Neighborhood Partnerships | Support | 2021-03-09 |
| Cheryl Roberts | African American Alliance for Homeownership | Support | 2021-03-09 |
| Miranda Mishan | NAYA Family Center | Support | 2021-03-09 |
| Jenny Lee | Coalition of Communities of Color | Support | 2021-03-09 |
| Shawna Anderson-Valadez | Grants Pass | Support | 2021-04-26 |
| Lamaya Jarrell | PORTALND | Support | 2021-04-26 |
| Barbara Punch | Prineville Oregon | Support | 2021-04-27 |
| Vanessa Sanchez | Families Forward | Support | 2021-04-27 |
| BRIAN PARHAM | Portland | Support | 2021-04-27 |
| Lynn Renken | Mercy Corps Northwest in Portland | Support | 2021-04-27 |
| Daniela Ortiz | Adelante Mujeres Forest Grove | Support | 2021-04-28 |
| Peg Malloy | Portland Housing Center | Support | 2021-04-28 |
| Ali Mohamad Yusuf | Portland | Support | 2021-04-28 |
| Loren Naldoza | Neighborhood Partnerships | Support | 2021-04-28 |
| Loren Naldoza | Neighborhood Partnerships | Support | 2021-04-28 |
| Loren Naldoza | Neighborhood Partnerships | Support | 2021-04-28 |
| Michelle Martin | NeighborWorks Umpqua | Support | 2021-04-29 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-04-29 |
| Jody Wiser | Tax Fairness Oregon | Oppose | 2021-04-29 |
| Carlos David Garcia | Portland | Support | 2021-04-29 |
| Ernesto Fonseca | Hacienda CDC | Support | 2021-04-29 |
| Jillian McAdory | CASA of Oregon | Support | 2021-04-29 |
| Jillian McAdory | CASA of Oregon | Support | 2021-04-29 |
| Jillian McAdory | CASA of Oregon | Support | 2021-04-29 |
| trace Hulette | Portland | Support | 2021-04-30 |
| Laura Fisher Fisher | Agent Orange Research LLC | Support | 2021-04-30 |
| Miranda Mishan | NAYA Family Center | Support | 2021-04-30 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-06-10 |
| Loren Naldoza | Neighborhood Partnerships | Support | 2021-06-10 |
| Carlos David Garcia | Portland | Support | 2021-06-10 |
| David Wall | Newberg | Oppose | 2021-06-11 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | H | First reading. Referred to Speaker's desk. |
| 2021-01-19 | H | Referred to Human Services with subsequent referral to Revenue, then Ways and Means. |
| 2021-03-08 | H | Public Hearing held. |
| 2021-04-05 | H | Work Session held. |
| 2021-04-09 | H | Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference, then be referred to Ways and Means by prior reference. |
| 2021-04-09 | H | Referred to Revenue by prior reference and then Ways and Means . |
| 2021-04-29 | H | Public Hearing held. |
| 2021-05-20 | H | Work Session held. |
| 2021-05-24 | H | Work Session held. |
| 2021-06-07 | H | Recommendation: Do pass, subsequent referral to Ways and Means be rescinded, and be referred to Tax Expenditures. |
| 2021-06-07 | H | Subsequent referral to Ways and Means rescinded by order of the Speaker. |
| 2021-06-07 | H | Referred to Tax Expenditures by order of Speaker. |
| 2021-06-10 | H | Public Hearing held. |
| 2021-06-26 | H | In committee upon adjournment. |