Oregon Senate Bill 955

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2025 - 25% progression
Action: 2025-01-28 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

The Act would grant a specially assessed property tax value for the homes of veterans and their spouses who outlive them. (Flesch Readability Score: 60.6). Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of veterans and surviving spouses of veterans. Disqualifies the residence for the special assessment on the death of the veteran, remarriage of the surviving spouse or sale of the residence. Takes effect on the 91st day following adjournment sine die.

Relating to a specially assessed value for the residences of veterans; prescribing an effective date.

Sen. David Smith [R]

Date	Chamber	Action
2025-01-28	Senate	Referred to Finance and Revenue.
2025-01-28	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB955
Text	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB955/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/85404