SB 944
Allows credit against net income taxes for portion of eligible costs of newly constructed single-family dwelling that sells for price affordable to household with annual income at or below 120 percent of area median income.
| Status | In Senate Committee (SFR) |
| Sponsors | David Brock Smith (Republican) (Chief), Court Boice (Republican) (Chief), Bobby Levy (Republican) (Chief), Lynn Findley (Republican), Tim Knopp (Republican), Mark Meek (Democrat), Kim Thatcher (Republican), Christine Goodwin (Republican), Virgle Osborne (Republican), Boomer Wright (Republican) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Allows a tax credit for costs of newly constructed single-family dwellings sold at affordable prices to households earning up to 120 percent of area median income.
Overview#
Allows credit against net income taxes for portion of eligible costs of newly constructed single-family dwelling that sells for price affordable to household with annual income at or below 120 percent of area median income. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Scott Barrie | Oregon Home Builders Association | Support | 2023-03-08 |
| Richard Swift | Tax Fairness Oregon | Oppose | 2023-03-10 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-21 | S | Introduction and first reading. Referred to President's desk. |
| 2023-02-23 | S | Referred to Finance and Revenue, then Tax Expenditures. |
| 2023-03-08 | S | Public Hearing held. |
| 2023-06-25 | S | In committee upon adjournment. |