OR SB119 | 2025 | Regular Session
Status
Spectrum: Unknown
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue, then Tax Expenditures.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue, then Tax Expenditures.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
The Act would create a property tax credit for the home of a person who is on active military duty. The Act would phase out the current partial exemption for such homes. (Flesch Readability Score: 61.6). Provides for a property tax credit against the ad valorem taxes imposed on the homestead of a resident serving on active military duty. Phases out the current partial exemption for such homesteads. Takes effect on the 91st day following adjournment sine die.
Title
Relating to a property tax credit for the homestead of residents on active military duty; prescribing an effective date.
Sponsors
| No sponsor information available at this time. |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | Senate | Referred to Finance and Revenue, then Tax Expenditures. |
| 2025-01-13 | Senate | Introduction and first reading. Referred to President's desk. |
