SB 852
Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale.
| Status | In Senate Committee (SFR) |
| Sponsors | Kayse Jama (Democrat) (Chief), Khanh Pham (Democrat) (Chief), Julie Fahey (Democrat) (Chief), Michael Dembrow (Democrat), Jeff Golden (Democrat) |
| Fiscal impact | Fiscal impact issued |
| Revenue impact | Revenue impact issued |
Bill Text
The bill disallows mortgage interest deductions for secondary residences and phases out deductions for primary residences above certain income thresholds, with revenue directed to a Housing Opportunity Account.
Overview#
Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer’s principal residence, unless taxpayer sells residence or actively markets residence for sale. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold income amount. Establishes Oregon Housing Opportunity Account. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to account. Applies to tax years beginning on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Audrey Zunkel deCoursey | Portland | Support | 2021-03-25 |
| Barbara Dudley | Oregon Working Families Party | Support | 2021-03-25 |
| Donna Cohen | Portland | Support | 2021-03-25 |
| Patty Ignatowski | Not Hispanic or Latino | Oppose | 2021-03-26 |
| Estella Casto | Portland | Support | 2021-03-26 |
| Donna Cohen | Portland | Support | 2021-03-26 |
| Sue Pilcher | Jefferson | Oppose | 2021-03-27 |
| Anne Nesse | Gresham | Support | 2021-03-27 |
| Jennifer Lundstrom | Portland | Support | 2021-03-28 |
| Joseph Purkey | Portland | Support | 2021-03-28 |
| Daniel Hayes | Tigard | Oppose | 2021-03-29 |
| Genny Rapp | Portland | Oppose | 2021-03-29 |
| Laurie Wimmer | Portland | Support | 2021-03-29 |
| Megan Banta | Portland | Oppose | 2021-03-29 |
| Gwen Luhta | Portland | Support | 2021-03-29 |
| Sara Walker | Phoenix | Oppose | 2021-03-29 |
| Peter Hainley | CASA of Oregon | Support | 2021-03-29 |
| Nancy Donovan | League of Women Voters of Oregon | Support | 2021-03-29 |
| Shannon Vilhauer | Habitat for Humanity of Oregon | Support | 2021-03-29 |
| Michael Andersen | Sightline Institute | Support | 2021-03-29 |
| Tyler Mac Innis | Portland | Support | 2021-03-29 |
| Beth Jacobi | Bend | Support | 2021-03-29 |
| Eric Noll | City of Portland | Support | 2021-03-30 |
| Molly Sommer | Bend | Oppose | 2021-03-30 |
| Daniel Hauser | Oregon Center for Public Policy | Support | 2021-03-30 |
| Jeanne Nyquist | Tigard | Oppose | 2021-03-30 |
| John Calhoun | PORTLAND | Unknown | 2021-03-30 |
| Michael Parkhurst | Portland | Support | 2021-03-30 |
| Kate Allen | Astoria | Support | 2021-03-30 |
| Colleen Sinsky | Bend | Support | 2021-03-30 |
| Richard Wisner | Siletz | Oppose | 2021-03-30 |
| Steve Langasek | Portland | Support | 2021-03-30 |
| Rachael Fuller | City of Hood River | Support | 2021-03-30 |
| Brian Hoop | Portland | Support | 2021-03-30 |
| Zoe Dunk | Portland Oregon | Support | 2021-03-30 |
| Heather Staten | Thrive Hood River | Support | 2021-03-30 |
| Nick Sauvie | ROSE Community Development | Support | 2021-03-30 |
| Fiona Burgess | Portland | Unknown | 2021-03-30 |
| Gerry Federico | Portland | Support | 2021-03-30 |
| Cynthia Fowler | Portland | Support | 2021-03-30 |
| Preston Korst | Habitat for Humanity Portland Region | Support | 2021-03-30 |
| Catherine Briggs | Newport | Support | 2021-03-31 |
| Rich Rohde | ASHLAND | Support | 2021-03-31 |
| Anne Catlin | Albany | Support | 2021-03-31 |
| Fred Baldwin | Redmond | Oppose | 2021-03-31 |
| Rose M Ojeda | Portland OR | Support | 2021-03-31 |
| Rachel Smith | Sacramento | Support | 2021-03-31 |
| Christopher Gonzalez | Portland | Support | 2021-03-31 |
| M Bobbitt | BEAVERTON | Oppose | 2021-03-31 |
| Kerry OConnor | Eugene | Support | 2021-03-31 |
| Jeremy Salmon | Portland | Support | 2021-03-31 |
| Marcia Kelley | OWRC | Support | 2021-03-31 |
| Steven Goldberg | Portland | Support | 2021-03-31 |
| Marjorie Taylor | Oregon Department of Revenue | Neutral | 2021-03-31 |
| Wendy Berger Wood | Forest Grove | Oppose | 2021-03-31 |
| Eileen Kiely | Sunriver | Support | 2021-03-31 |
| Peg Malloy | Portland Housing Center | Support | 2021-03-31 |
| Andy Nelson | Portland | Support | 2021-04-01 |
| Lavonne Broadbent | Bend | Oppose | 2021-04-01 |
| Karen Rockwell | Benton Habitat for Humanity | Support | 2021-04-01 |
| Darrell Fuller | Oregon RV Dealers Assn | Unknown | 2021-04-01 |
| Alissa Keny-Guyer | Portland | Support | 2021-04-01 |
| Caitlyn Kennedy Young | Transition Projects | Support | 2021-04-01 |
| Zoe Dunk | Portland | Support | 2021-04-01 |
| Zoe Dunk | Portland | Unknown | 2021-04-01 |
| Chris Bonner | Portland | Support | 2021-04-01 |
| ALISSA KENY-GUYER | Portland | Support | 2021-04-01 |
| David Wall | Newberg | Oppose | 2021-04-01 |
| Tammie Murray | NW Oregon Coast Range | Unknown | 2021-04-02 |
| Britt Conroy | EMO | Support | 2021-04-02 |
| Judy Froemke | Portland | Support | 2021-04-02 |
| Lily Copenagle | Portland | Support | 2021-04-02 |
| Joann Hansen | North Bend | Oppose | 2021-04-02 |
| Mercedes Elizalde | Central City Concern | Unknown | 2021-04-02 |
| Deli Busher | Residence | Oppose | 2021-05-01 |
| Patricia Millen | Medford | Oppose | 2021-05-01 |
| Dick Fabrycki | Realtor | Oppose | 2021-05-01 |
| James Moran | Bend | Oppose | 2021-05-01 |
| Diane Young | Tualatin | Oppose | 2021-05-02 |
| Robert LaGrone | Roseburg | Unknown | 2021-05-02 |
| Mindi Patton | Portland | Oppose | 2021-05-02 |
| Dan Meek | Independent Party of Oregon | Support | 2021-05-03 |
| Sheryl Ortega | Bend | Oppose | 2021-05-03 |
| Sandy Kohlmoos | Bend | Oppose | 2021-05-03 |
| Randy Evans | Salem | Oppose | 2021-05-03 |
| Nanuet Kuhn | Portland | Oppose | 2021-05-03 |
| Craig Fahner | Gresham | Oppose | 2021-05-03 |
| Nancy Bushnell | Salem | Oppose | 2021-05-03 |
| Rosemary Willis | Tualatin | Oppose | 2021-05-03 |
| Linda Smith | Condon | Oppose | 2021-05-03 |
| Ron Rogers | Klamath Falls | Oppose | 2021-05-03 |
| Loretta Keady | Klamath Falls | Oppose | 2021-05-03 |
| Lorrie Cox | Woodburn | Oppose | 2021-05-03 |
| Dustin Miller | Lake Oswego | Oppose | 2021-05-03 |
| Kathleen Fulford | Portland | Support | 2021-05-03 |
| Laurel Marquand | Portland | Support | 2021-05-08 |
| Ruth Adkins | Portland | Support | 2021-05-10 |
| Kate Allen | Astoria | Support | 2021-05-10 |
| Claire Hall | Newport | Support | 2021-05-10 |
| Claire Hall | Newport | Support | 2021-05-10 |
| Shane Vertner | Hillsboro | Oppose | 2021-05-10 |
| Amie Riley | Portland | Support | 2021-05-10 |
| Michelle Silver | Portland | Oppose | 2021-05-10 |
| Nate Ember | Oak Grove | Support | 2021-05-10 |
| Sarah Carolus | Portland | Support | 2021-05-10 |
| Sherri McPherson | Oregon Society of Certified Public Accountants | Oppose | 2021-05-11 |
| Jeanne Nyquist | Tigard OR | Oppose | 2021-05-11 |
| Tyler Mac Innis | Welcome Home Coalition | Support | 2021-05-11 |
| Estella Casto | Portland | Support | 2021-05-11 |
| Tracey Henkels | Portland | Support | 2021-05-11 |
| Brian Hoop | Housing Oregon | Support | 2021-05-11 |
| Kari McGee | Portland | Support | 2021-05-12 |
| Laurie Wimmer | Portland | Support | 2021-05-12 |
| Marty Carty | Oregon Primary Care Association | Support | 2021-05-12 |
| Sean Camblin | Eugene | Support | 2021-05-12 |
| ALISSA KENY-GUYER | Portland | Support | 2021-05-12 |
| Susan Jaeger | Grants Pass | Oppose | 2021-05-12 |
| Fred Purdy | Salem | Oppose | 2021-05-12 |
| Joan Massey | Salem | Oppose | 2021-05-12 |
| Rolf Nesse | Gresham | Support | 2021-05-12 |
| Nils Kristiansen | Bend | Oppose | 2021-05-12 |
| Brian Meece | Bend | Oppose | 2021-05-12 |
| Liz Getty | Getty Real Estate | Support | 2021-05-12 |
| Donna Cohen | Portland | Support | 2021-05-12 |
| Joann Hansen | North Bend | Oppose | 2021-05-13 |
| Eileen Kiely | Sunriver | Support | 2021-05-13 |
| Lance Lesueur | Klamath FAlls | Oppose | 2021-05-13 |
| Daniel Hauser | Oregon Center for Public Policy | Support | 2021-05-13 |
| Craig Rappe | Klamath Falls | Oppose | 2021-05-13 |
| Robin Jackson | Silver Lake | Oppose | 2021-05-13 |
| Sean Edging | Portland | Neutral | 2021-05-13 |
| Rep Khanh Pham | HD-46 | Support | 2021-05-13 |
| Britt Conroy | Ecumenical Ministries of Oregon | Support | 2021-05-13 |
| Brian Hoop | Housing Oregon | Support | 2021-05-13 |
| Lee McKnight | Portland | Support | 2021-05-13 |
| Bradley Twiss | Neighbors Realty | Support | 2021-05-13 |
| Suzanne Etheredge | Oregon City | Oppose | 2021-05-13 |
| Chris Bonner | Portland | Support | 2021-05-13 |
| Joshua Berntsen | Portland | Support | 2021-05-13 |
| Thomas Craig | Portland | Support | 2021-05-14 |
| AnnieRose Shapero | Portland | Support | 2021-05-14 |
| Beth Jacobi | Deschutes County Oregon | Support | 2021-05-14 |
| Tamara Houston | Bend OR | Oppose | 2021-05-14 |
| Susan Loop | Portland | Support | 2021-05-14 |
| Doug Beebe | Portland | Support | 2021-05-14 |
| Tom Cotter | Portland | Support | 2021-05-14 |
| Miranda Mishan | NAYA Family Center | Support | 2021-05-14 |
| Ann Pasbrig | Beaverton | Support | 2021-05-14 |
| Ernesto Fonseca | Hacienda CDC | Support | 2021-05-14 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-17 | S | Introduction and first reading. Referred to President's desk. |
| 2021-03-17 | S | Referred to Housing and Development, then Finance and Revenue. |
| 2021-04-01 | S | Public Hearing held. |
| 2021-04-08 | S | Work Session held. |
| 2021-04-16 | S | Recommendation: Do pass and be referred to Finance and Revenue by prior reference. |
| 2021-04-16 | S | Referred to Finance and Revenue by prior reference. |
| 2021-05-03 | S | Public Hearing Cancelled. |
| 2021-05-13 | S | Public Hearing held. |
| 2021-06-26 | S | In committee upon adjournment. |