HB 4007 — Relating to housing; prescribing an effective date; and providing for revenue raising that requires approval by a three-fifths majority.
Last action — Chapter 109, (2018 Laws): Effective date June 2, 2018.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 22, 2018. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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Cleared a recorded vote
Passed 5 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
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 of 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. Establishes amount and time limitations on subtractions and exemptions from taxable income. Provides that withdrawals for purposes other than approved purposes are taxable income to account holder <b>and subject to penalty</b>. Applies to tax years beginning on or after January 1, 2019, and before January 1, <i>2027</i>] <b>2037</b>. Increases amount of fees charged and collected by county clerks to record or file certain real property documents and transferred to Housing and Community Services Department accounts for housing-related programs. Exempts county tax collectors from paying certain fees. Takes effect on 91st day following adjournment sine die.
Bill Text
We don't have the full text on file for this bill yet.
Read HB 4007 on the official Oregon source →Action History
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Chapter 109, (2018 Laws): Effective date June 2, 2018.
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Governor signed.
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President signed.
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Speaker signed.
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Vote explanation(s) filed by Smith DB.
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Vote explanation filed by Boquist.
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Rules suspended. Third reading. Carried by Monroe. Passed.
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Second reading.
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Recommendation: Do pass the C-Eng. bill.
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Referred to Ways and Means.
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First reading. Referred to President's desk.
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Rules suspended. Third reading. Carried by Keny-Guyer. Passed.
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Second reading.
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Recommendation: Do pass with amendments and be printed C-Engrossed.
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Work Session held.
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Work Session held.
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Returned to Full Committee.
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Assigned to Subcommittee On Capital Construction.
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Referred to Ways and Means by order of Speaker.
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Recommendation: Do pass with amendments, be printed B-Engrossed, and be referred to Ways and Means.
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Work Session held.
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Public Hearing held.
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Public Hearing held.
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Referred to Revenue by prior reference.
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Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.
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Work Session held.
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Work Session held.
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Public Hearing held.
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Referred to Human Services and Housing with subsequent referral to Revenue.
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First reading. Referred to Speaker's desk.
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Presession Released to the Public.
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 0 co-sponsors · 90 not signed on · 32 voted No
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 24 | 15 | 0 | 0 |
| Republican | 2 | 4 | 0 | 1 |
| Democrat | 14 | 0 | 0 | 0 |
| Total | 40 | 19 | 0 | 1 |
| % of votes cast | 67% | 32% | 0% | 2% |
How each member voted (60)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 14 | 8 | 0 | 1 |
| Democrat | 5 | 0 | 0 | 0 |
| Republican | 1 | 1 | 0 | 0 |
| Total | 20 | 9 | 0 | 1 |
| % of votes cast | 67% | 30% | 0% | 3% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Alan DeBoer | — | Yea |
| Alan Olsen | — | Nay |
| Arnie Roblan | — | Yea |
| Betsy Johnson | — | Yea |
| Bill Hansell | — | Nay |
| Brian Boquist | — | Nay |
| Chuck Riley | — | Yea |
| Chuck Thomsen | — | Nay |
| Cliff Bentz | — | Nay |
| Dennis Linthicum | — | Nay |
| Elizabeth Steiner Hayward | — | Yea |
| Ginny Burdick | — | Yea |
| Herman Baertschiger Jr. | — | Nay |
| Jackie Winters | — | Yea |
| Jeff Kruse | — | Not Voting |
| Laurie Monnes Anderson | — | Yea |
| Lee Beyer | — | Yea |
| Mark Hass | — | Yea |
| Michael Dembrow | — | Yea |
| Peter Courtney | — | Yea |
| Rod Monroe | — | Yea |
| Sara Gelser | — | Yea |
| Tim Knopp | — | Nay |
| Floyd Prozanski | Democrat | Yea |
| James Manning Jr. | Democrat | Yea |
| Kathleen Taylor | Democrat | Yea |
| Lew Frederick | Democrat | Yea |
| Rob Wagner | Democrat | Yea |
| Fred Girod | Republican | Yea |
| Kim Thatcher | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 18 | 12 | 0 | 2 |
| Democrat | 10 | 0 | 0 | 0 |
| Republican | 2 | 2 | 0 | 0 |
| Total | 30 | 14 | 0 | 2 |
| % of votes cast | 65% | 30% | 0% | 4% |
How each member voted (46)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 3 | 2 | 0 | 0 |
| Republican | 0 | 1 | 0 | 0 |
| Democrat | 2 | 1 | 0 | 0 |
| Total | 5 | 4 | 0 | 0 |
| % of votes cast | 56% | 44% | 0% | 0% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Barbara Smith Warner | — | Yea |
| Diego Hernandez | — | Yea |
| Knute Buehler | — | Nay |
| Lynn Findley | — | Nay |
| Phil Barnhart | — | Yea |
| Pam Marsh | Democrat | Yea |
| Rob Nosse | Democrat | Yea |
| Sue Rieke Smith | Democrat | Nay |
| E. Werner Reschke | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 2 | 4 | 0 | 0 |
| Democrat | 3 | 0 | 0 | 0 |
| Total | 5 | 4 | 0 | 0 |
| % of votes cast | 56% | 44% | 0% | 0% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Alissa Keny-Guyer | — | Yea |
| Andy Olson | — | Nay |
| Carla Piluso | — | Yea |
| Duane Stark | — | Nay |
| Mike Nearman | — | Nay |
| Ron Noble | — | Nay |
| Chris Gorsek | Democrat | Yea |
| Mark Meek | Democrat | Yea |
| Tawna Sanchez | Democrat | Yea |
Subjects
Frequently asked questions
- What does HB 4007 do?
- 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 of 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. Establishes amount and time limitations on subtractions and exemptions from taxable income. Provides that withdrawals for purposes other than approved purposes are taxable income to account holder <b>and subject to penalty</b>. Applies to tax years beginning on or after January 1, 2019, and before January 1, <i>2027</i>] <b>2037</b>. Increases amount of fees charged and collected by county clerks to record or file certain real property documents and transferred to Housing and Community Services Department accounts for housing-related programs. Exempts county tax collectors from paying certain fees. Takes effect on 91st day following adjournment sine die.
- What is the current status of HB 4007?
- This bill has been enacted into law. Introduced January 22, 2018. Enacted.
- Where can I track HB 4007?
- Track HB 4007 free on One Click Politics — get push/email alerts when it moves.
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