OR HB4007 | 2018 | Regular Session
Status
Completed Legislative Action
Spectrum: Unknown
Status: Passed on April 18 2018 - 100% progression
Action: 2018-04-18 - Chapter 109, (2018 Laws): Effective date June 2, 2018.
Text: Latest bill text (Engrossed) [PDF]
Spectrum: Unknown
Status: Passed on April 18 2018 - 100% progression
Action: 2018-04-18 - Chapter 109, (2018 Laws): Effective date June 2, 2018.
Text: Latest bill text (Engrossed) [PDF]
Summary
Permits individual to create first-time home buyer savings account with financial institution to pay or reimburse account holder's eligible costs for first-time purchase of single family residence. Allows subtraction from account holder's federal taxable income of amounts contributed to first-time home buyer savings account during each tax year. Exempts from taxation amount of interest and other income earned on account. Establishes amount and time limitations on subtractions and exemptions from taxable income. Provides that withdrawals for purposes other than approved purposes are taxable income to account holder and subject to penalty. Applies to tax years beginning on or after January 1, 2019, and before January 1, 2027] 2037. Increases amount of fees charged and collected by county clerks to record or file certain real property documents and transferred to Housing and Community Services Department accounts for housing-related programs. Exempts county tax collectors from paying certain fees. Takes effect on 91st day following adjournment sine die.
Title
Relating to housing; prescribing an effective date; and providing for revenue raising that requires approval by a three-fifths majority.
Sponsors
| No sponsor information available at this time. |
Roll Calls
2018-03-03 - Senate - Senate Third Reading (Y: 20 N: 9 NV: 0 Abs: 1) [PASS]
2018-03-03 - House - House Third Reading (Y: 39 N: 20 NV: 0 Abs: 1) [PASS]
2018-03-02 - House - House Committee Do pass with amendments. (Printed C-Eng.) (Y: 15 N: 7 NV: 0 Abs: 1) [PASS]
2018-02-22 - House - House Committee Do pass with amendments and be referred to Ways and Means. (Printed B-Eng.) (Y: 5 N: 4 NV: 0 Abs: 0) [PASS]
2018-02-15 - House - House Committee Do pass with amendments and be referred to Revenue by prior reference. (Printed A-Eng.) (Y: 5 N: 4 NV: 0 Abs: 0) [PASS]
2018-03-03 - House - House Third Reading (Y: 39 N: 20 NV: 0 Abs: 1) [PASS]
2018-03-02 - House - House Committee Do pass with amendments. (Printed C-Eng.) (Y: 15 N: 7 NV: 0 Abs: 1) [PASS]
2018-02-22 - House - House Committee Do pass with amendments and be referred to Ways and Means. (Printed B-Eng.) (Y: 5 N: 4 NV: 0 Abs: 0) [PASS]
2018-02-15 - House - House Committee Do pass with amendments and be referred to Revenue by prior reference. (Printed A-Eng.) (Y: 5 N: 4 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2018-04-18 | House | Chapter 109, (2018 Laws): Effective date June 2, 2018. |
| 2018-04-13 | House | Governor signed. |
| 2018-03-13 | Senate | President signed. |
| 2018-03-06 | House | Speaker signed. |
| 2018-03-03 | Senate | Vote explanation filed by Boquist. |
| 2018-03-03 | Senate | Rules suspended. Third reading. Carried by Monroe. Passed. Ayes, 20; Nays, 9--Baertschiger Jr, Bentz, Boquist, Hansell, Knopp, Linthicum, Olsen, Thatcher, Thomsen; Excused, 1--Kruse. |
| 2018-03-03 | Senate | Second reading. |
| 2018-03-03 | Senate | Recommendation: Do pass the C-Eng. bill. |
| 2018-03-03 | Senate | Referred to Ways and Means. |
| 2018-03-03 | Senate | First reading. Referred to President's desk. |
| 2018-03-03 | House | Vote explanation(s) filed by Smith DB. |
| 2018-03-03 | House | Rules suspended. Third reading. Carried by Keny-Guyer. Passed. Ayes, 40; Nays, 19--Barreto, Boles, Bonham, Esquivel, Findley, Heard, Kennemer, McLane, Nearman, Noble, Parrish, Post, Reschke, Smith DB, Sprenger, Stark, Vial, Whisnant, Wilson; Excused, 1--Hayden. |
| 2018-03-03 | House | Second reading. |
| 2018-03-02 | House | Recommendation: Do pass with amendments and be printed C-Engrossed. |
| 2018-03-02 | House | Work Session held. |
| 2018-03-01 | House | Returned to Full Committee. |
| 2018-03-01 | House | Work Session held. |
| 2018-02-26 | House | Assigned to Subcommittee On Capital Construction. |
| 2018-02-26 | House | Referred to Ways and Means by order of Speaker. |
| 2018-02-26 | House | Recommendation: Do pass with amendments, be printed B-Engrossed, and be referred to Ways and Means. |
| 2018-02-22 | House | Work Session held. |
| 2018-02-21 | House | Public Hearing held. |
| 2018-02-20 | House | Public Hearing held. |
| 2018-02-19 | House | Referred to Revenue by prior reference. |
| 2018-02-19 | House | Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference. |
| 2018-02-15 | House | Work Session held. |
| 2018-02-13 | House | Work Session held. |
| 2018-02-06 | House | Public Hearing held. |
| 2018-02-05 | House | Referred to Human Services and Housing with subsequent referral to Revenue. |
| 2018-02-05 | House | First reading. Referred to Speaker's desk. |
| 2018-01-22 | House | Presession Released to the Public. |
