SB 1545

  • Oregon Senate Bill
  • 2024 Regular Session
  • Introduced in Senate Mar 04, 2024
  • Passed Senate Mar 01, 2024
  • Passed House Mar 06, 2024
  • Signed by Governor Apr 04, 2024

Relating to the assessment of rebuilt homesteads; prescribing an effective date.

Abstract

Digest: The Act would grant a property tax break to destroyed homes that were rebuilt after the 2020 wildfires. (Flesch Readability Score: 61.6). Authorizes a county to allow a homestead rebuilt by the same owner on the same lot to replace the homestead destroyed by the September 2020 wildfires to have a specially assessed value equal to the destroyed homestead's real market value for the 2020-2021 property tax year, to the extent of the square footage of the destroyed homestead. Provides that the specially assessed value continues until the earliest of the date on which the rebuilt homestead is no longer the owner's principal dwelling, is rented to another person for any duration or is transferred to new ownership. Takes effect on the 91st day following adjournment sine die.

Bill Sponsors (12)

Votes


Actions


Apr 11, 2024

Senate

Effective date, June 6, 2024.

Apr 11, 2024

Senate

Chapter 94, 2024 Laws.

Apr 04, 2024

Senate

Governor signed.

Mar 13, 2024

House

Speaker signed.

Mar 12, 2024

Senate

President signed.

Mar 06, 2024

House

Rules suspended. Third reading. Carried by Cate. Passed.

Mar 06, 2024

House

Second reading.

Mar 06, 2024

House

Recommendation: Do pass.

Mar 06, 2024

House

Public Hearing and Work Session held.

Mar 05, 2024

House

Referred to Revenue.

Mar 04, 2024

House

First reading. Referred to Speaker's desk.

Mar 01, 2024

Senate

Girod declared potential conflict of interest.

Mar 01, 2024

Senate

Third reading. Carried by Girod. Passed.

Feb 29, 2024

Senate

Second reading.

Feb 28, 2024

Senate

Recommendation: Do pass with amendments. (Printed A-Eng.)

Feb 26, 2024

Senate

Work Session held.

Feb 22, 2024

Senate

Work Session held.

Feb 15, 2024

Senate

Public Hearing held.

Feb 05, 2024

Senate

Referred to Finance and Revenue.

Feb 05, 2024

Senate

Introduction and first reading. Referred to President's desk.

Bill Text

Bill Text Versions Format
A-Engrossed PDF
Enrolled PDF
Introduced PDF
Senate Amendments to Introduced PDF
SFR Amendment -1 PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Oregon Legislative Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.