Oregon Senate Bill 1545
Session 2024R1
Relating to the assessment of rebuilt homesteads; prescribing an effective date.
Became Law
Signed by Governor on Apr 4, 2024
Sponsors
3 Sponsors
Fred Girod
David Brock Smith
Jami Cate
First Action
Feb 5, 2024
Latest Action
Apr 11, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
1545
State
Oregon
Session
2024R1
Motion Text
Third reading. Carried by Girod. Passed.
Senate Roll Call Votes
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Summary
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.
A-Engrossed
Senate Amendments to Introduced
Sort by most recent
04/11/2024
Senate
Effective date, June 6, 2024.
04/11/2024
Senate
Chapter 94, 2024 Laws.
04/04/2024
Senate
Governor signed.
03/13/2024
House
Speaker signed.
03/12/2024
Senate
President signed.
03/06/2024
House
Rules suspended. Third reading. Carried by Cate. Passed.
03/06/2024
House
Second reading.
03/06/2024
House
Recommendation: Do pass.
03/05/2024
House
Public Hearing and Work Session held.
03/04/2024
House
Referred to Revenue.
03/04/2024
House
First reading. Referred to Speaker's desk.
03/01/2024
Senate
Girod declared potential conflict of interest.
03/01/2024
Senate
Third reading. Carried by Girod. Passed.
02/29/2024
Senate
Second reading.
02/28/2024
Senate
Recommendation: Do pass with amendments. (Printed A-Eng.)
02/26/2024
Senate
Work Session held.
02/22/2024
Senate
Work Session held.
02/15/2024
Senate
Public Hearing held.
02/05/2024
Senate
Referred to Finance and Revenue.
02/05/2024
Senate
Introduction and first reading. Referred to President's desk.
Sources
Record Created
Feb 1, 2024 8:50:48 PM
Record Updated
Apr 12, 2024 8:01:32 AM