HB 2340
Reduces the minimum number of years that property must have been the homestead of an individual before the property is eligible for the homestead property tax deferral program.
| Status | In House Committee (HREV) |
| Requested by | (at the request of Governor Tina Kotek for Department of Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Reduces the minimum number of years a property must be a homestead from five to three years before being eligible for the homestead property tax deferral program.
Overview#
Digest: The Act makes a home eligible for tax deferral after three years of living in it instead of five. (Flesch Readability Score: 67.3). Reduces the minimum number of years that property must have been the homestead of an individual before the property is eligible for the homestead property tax deferral program. Takes effect on the 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | H | First reading. Referred to Speaker's desk. |
| 2025-01-17 | H | Referred to Revenue. |
| 2025-06-27 | H | In committee upon adjournment. |