Oregon 2024 Regular Session Status: Enacted

SB 1527 — Relating to first-time home buyer savings accounts; prescribing an effective date.

Last action — Effective date, June 6, 2024.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 05, 2024. Enacted.

Signed by Governor Tina Kotek (Democratic) on March 27, 2024.

Prognosis

Likely to advance 68% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Digest: Changes accounts for first-time home buyers, for accounts starting in 2025. Requires taxpayer to keep records. Changes rules for banks. Becomes law 91 days from sine die. (Flesch Readability Score: 62.1). Modifies provisions governing first-time home buyer savings accounts. Eliminates the requirement that a financial institution provide an annual certificate with account details to account holders. Allows an account holder to designate a proposed first-time home buyer as a beneficiary of the account. Specifies information that must be maintained by a taxpayer claiming a subtraction or exemption for accounts. Limits Department of Revenue rulemaking. Applies to first-time home buyer savings accounts created on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 1527 on the official Oregon source →

Action History

  1. Effective date, June 6, 2024.

  2. Chapter 53, 2024 Laws.

  3. Governor signed.

  4. Speaker signed.

  5. President signed.

  6. Rules suspended. Third reading. Carried by Breese-Iverson. Passed.

  7. Second reading.

  8. Recommendation: Do pass.

  9. Work Session held.

  10. Public Hearing held.

  11. Referred to Revenue.

  12. First reading. Referred to Speaker's desk.

  13. Third reading. Carried by Meek. Passed.

  14. Second reading.

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

  16. Work Session held.

  17. Public Hearing held.

  18. Referred to Finance and Revenue.

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

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 90 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (90)

90 members have not signed on to this bill.

Show all 90 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Rules suspended. Third reading. Carried by Breese-Iverson. Passed.

Passed 52 Yea · 0 Nay · 8 Other
Party YeaNayPresentNot Voting
Unaffiliated 6004
Republican 16003
Democrat 30001
Total 52008
% of votes cast 87%0%0%13%
How each member voted (60)
Member Party Vote
Brian Stout — Yea
Charlie Conrad — Yea
Christine Goodwin — Yea
Courtney Neron — Yea
Dan Rayfield — Not Voting
James Hieb — Not Voting
Janelle Bynum — Not Voting
Maxine Dexter — Yea
Paul Holvey — Yea
Tracy Cramer — Not Voting
Andrea Valderrama Democrat Yea
Annessa Hartman Democrat Yea
Ben Bowman Democrat Yea
Dacia Grayber Democrat Yea
Daniel Nguyen Democrat Yea
David Gomberg Democrat Yea
Emerson Levy Democrat Yea
Farrah Chaichi Democrat Yea
Hai Pham Democrat Yea
Hoa Nguyen Democrat Yea
Jason Kropf Democrat Yea
John Lively Democrat Yea
Jules Walters Democrat Yea
Julie Fahey Democrat Yea
Ken Helm Democrat Yea
Khanh Pham Democrat Yea
Lisa Reynolds Democrat Yea
Mark Gamba Democrat Yea
Nancy Nathanson Democrat Yea
Nathan Sosa Democrat Not Voting
Pam Marsh Democrat Yea
Paul Evans Democrat Yea
Ricki Ruiz Democrat Yea
Rob Nosse Democrat Yea
Sue Rieke Smith Democrat Yea
Susan McLain Democrat Yea
Tawna Sanchez Democrat Yea
Thuy Tran Democrat Yea
Tom Andersen Democrat Yea
Travis Nelson Democrat Yea
Zach Hudson Democrat Yea
Anna Scharf Republican Not Voting
Bobby Levy Republican Yea
Boomer Wright Republican Yea
Court Boice Republican Yea
Cyrus Javadi Republican Yea
Dwayne Yunker Republican Yea
E. Werner Reschke Republican Yea
Ed Diehl Republican Yea
Emily McIntire Republican Yea
Jami Cate Republican Yea
Jeffrey Helfrich Republican Yea
Kevin Mannix Republican Yea
Kim Wallan Republican Yea
Lucetta Elmer Republican Yea
Mark Owens Republican Not Voting
Rick Lewis Republican Yea
Shelly Boshart Davis Republican Not Voting
Vikki Breese-Iverson Republican Yea
Virgle Osborne Republican Yea

Official roll call →

Third reading. Carried by Meek. Passed.

Passed 30 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 13000
Republican 7000
Unaffiliated 10000
Total 30000
% of votes cast 100%0%0%0%
How each member voted (30)
Member Party Vote
Sen Steiner — Yea
Aaron Woods — Yea
Art Robinson — Yea
Bill Hansell — Yea
Brian Boquist — Yea
Dennis Linthicum — Yea
Lynn Findley — Yea
Michael Dembrow — Yea
Sara Gelser — Yea
Tim Knopp — Yea
Chris Gorsek Democrat Yea
Deb Patterson Democrat Yea
Floyd Prozanski Democrat Yea
James Manning Jr. Democrat Yea
Janeen Sollman Democrat Yea
Jeff Golden Democrat Yea
Kate Lieber Democrat Yea
Kathleen Taylor Democrat Yea
Kayse Jama Democrat Yea
Lew Frederick Democrat Yea
Mark Meek Democrat Yea
Rob Wagner Democrat Yea
Wlnsvey Campos Democrat Yea
Cedric Hayden Republican Yea
Daniel Bonham Republican Yea
David Brock Smith Republican Yea
Dick Anderson Republican Yea
Fred Girod Republican Yea
Kim Thatcher Republican Yea
Suzanne Weber Republican Yea

Official roll call →

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1527 do?
Digest: Changes accounts for first-time home buyers, for accounts starting in 2025. Requires taxpayer to keep records. Changes rules for banks. Becomes law 91 days from sine die. (Flesch Readability Score: 62.1). Modifies provisions governing first-time home buyer savings accounts. Eliminates the requirement that a financial institution provide an annual certificate with account details to account holders. Allows an account holder to designate a proposed first-time home buyer as a beneficiary of the account. Specifies information that must be maintained by a taxpayer claiming a subtraction or exemption for accounts. Limits Department of Revenue rulemaking. Applies to first-time home buyer savings accounts created on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.
What is the current status of SB 1527?
This bill has been enacted into law. Introduced February 05, 2024. Enacted.
Where can I track SB 1527?
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