Relating to first-time home buyer savings accounts; prescribing an effective date. [HB-2996]
Designates Act as Oregon First-Time Home Buyer Savings Account Act. 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 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. Disallows subtraction or exemption from taxable income for person
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HB-2996: Relating to first-time home buyer savings accounts; prescribing an effective date.
Sponsored by: Rep. Janelle Bynum
In Committee Upon Adjournment. on 07/07/2017
Relating to tax credits for crop donation; prescribing an effective date. [HB-3041]
Increases, for purposes of tax credit allowed for crop donation, percentage of wholesale price allowed as amount of credit. Applies to tax years beginning on or after January 1, 2017, and before January 1, 2020. Takes effect on 91st day following adjournment sine die.
HB-3041: Relating to tax credits for crop donation; prescribing an effective date.
Sponsored by: Rep. Paul Evans
In Committee Upon Adjournment. on 07/07/2017
Relating to hotel facility fees. [HB-3101]
Prohibits hotels or inns from charging facility fees in addition to price of guest room rental unless facility fees are disclosed prior to guest room reservation or rental. Prohibits hotels or inns from charging facility fees in addition to price of guest room rental unless facility fees are disclosed prior to guest room reservation or rental.
HB-3101: Relating to hotel facility fees.
Sponsored by: Rep. David Gomberg
Chapter 213, (2017 Laws): Effective Date January 1, 2018. on 06/21/2017
Relating to the Arts Program. [HB-3139]
Requires Oregon Arts Commission to establish policies and procedures that ensure Arts Program considers regional differences in public access to, or opportunities for engagement in, arts and cultural development when determining eligibility for grant awards and that promote investment in communities where opportunities for engagement in arts and cultural development are limited. Requires Oregon Arts Commission to suggest rules to Director of Oregon Business Development Department for grant programs administered by Arts Program.
HB-3139: Relating to the Arts Program.
Sponsored by: Sen. Tim Knopp
Chapter 274, (2017 Laws): Effective Date January 1, 2018. on 06/21/2017
Proposing amendment to Oregon Constitution relating to limitation on biennial expenditures. [HJR-23]
Proposes amendment to Oregon Constitution to limit total amount of biennial appropriations by Legislative Assembly. Allows Legislative Assembly by three-fourths vote to exceed limit if Legislative Assembly declares catastrophic disaster has occurred. Refers proposed amendment to people for their approval or rejection at next regular general election.
HJR-23: Proposing amendment to Oregon Constitution relating to limitation on biennial expenditures.
Sponsored by: Rep. Mike Nearman
In Committee Upon Adjournment. on 07/07/2017
Relating to providing financial assistance to first-time home buyers from low income households; declaring an emergency. [HB-3192]
Directs Housing and Community Services Department to provide funds to assist first-time home buyers from low income households through programs administered by department and grants to eligible nonprofit organizations, housing authorities and local governments. Specifies grant requirements. Establishes Home Ownership Down Payment Assistance Fund and continuously appropriates moneys in fund to department. Appropriates moneys to department to make grants to eligible nonprofit organizations, housing authorities and local governments. Becomes operative
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HB-3192: Relating to providing financial assistance to first-time home buyers from low income households; declaring an emergency.
Sponsored by: Rep. Mark Meek
In Committee Upon Adjournment. on 07/07/2017