Oregon House Bill 4056
Session 2024R1
Relating to property tax foreclosure surplus; prescribing an effective date.
Became Law
Signed by Governor on Apr 4, 2024
Origin Chamber
House
Type
Bill
Bill Number
4056
State
Oregon
Session
2024R1
Motion Text
Rules suspended. Third reading. Carried by Nathanson. Passed.
House Roll Call Votes
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Summary
Digest: The Act would require counties to set up a way to handle surplus proceeds from tax lien foreclosure sales. The Act would pause the transfer to counties of deeds to foreclosed property. The Act would make the Department of Revenue work with county tax officers to set up a uniform way to handle the surpluses. The Act would require a report from the department with suggestions for bills for the 2025 session. (Flesch Readability Score: 61.6).
[Digest: The Act lets people claim a tax foreclosure surplus. (Flesch Readability Score: 75.5).]
[Allows former owner, or their heirs or successors, to claim from the county any surplus from a property tax foreclosure. Establishes conditions and time limitations for making a claim. Requires county tax foreclosure notices to include information about claims.]
Requires counties to establish a process for handling the surplus proceeds from property tax lien foreclosure sales. Suspends the operation of the statute under which deeds to such properties are conveyed to the counties through December 31, 2025.
Directs the Department of Revenue to coordinate with county tax officers to determine a detailed uniform process for handling surplus proceeds that complies with the United States Supreme Court in Tyler v. Hennepin County, Minnesota, 598 U.S. 631 (2023). Requires the department to submit a report containing the determinations and recommendations for legislation to the Legislative Assembly not later than September 15, 2024.
Takes effect on the 91st day following adjournment sine die.
A-Engrossed
House Amendments to Introduced
Sort by most recent
04/10/2024
House
Chapter 77, (2024 Laws): Effective date June 6, 2024.
04/04/2024
House
Governor signed.
03/19/2024
Senate
President signed.
03/13/2024
House
Speaker signed.
03/07/2024
Senate
Rules suspended. Third reading. Carried by Meek. Passed.
03/07/2024
Senate
Second reading.
03/07/2024
Senate
Recommendation: Do pass the A-Eng. bill.
03/06/2024
Senate
Public Hearing and Work Session held.
03/05/2024
Senate
Referred to Finance and Revenue.
03/05/2024
Senate
First reading. Referred to President's desk.
03/05/2024
House
Rules suspended. Third reading. Carried by Nathanson. Passed.
03/05/2024
House
Second reading.
03/04/2024
House
Recommendation: Do pass with amendments and be printed A-Engrossed.
03/04/2024
House
Work Session held.
02/29/2024
House
Informational Meeting held.
02/28/2024
House
Informational Meeting held.
02/15/2024
House
Public Hearing held.
02/05/2024
House
Referred to Revenue.
02/05/2024
House
First reading. Referred to Speaker's desk.
Sources
Record Created
Feb 1, 2024 8:50:51 PM
Record Updated
Apr 11, 2024 8:00:32 AM