71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
Enrolled
House Bill 2347
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
Presession filed (at the request of Joint Interim Judiciary
Committee)
CHAPTER ................
AN ACT
Relating to homestead deferral of taxes; creating new provisions;
and amending ORS 311.666 and 311.676.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 311.666, as amended by section 1, chapter 1097,
Oregon Laws 1999, is amended to read:
311.666. As used in ORS 311.666 to 311.701:
(1) 'Department' means the Department of Revenue.
(2) 'Disabled person' means a person { + who has been
determined to be eligible to receive or who is + } receiving
federal Social Security { - disability benefits - } { +
benefits due to disability or blindness, including a person who
is receiving Social Security survivor benefits in lieu of Social
Security benefits due to disability or blindness + }.
(3) 'Homestead' means the owner occupied principal dwelling,
either real or personal property, owned by the taxpayer and the
tax lot upon which it is located. If the homestead is located in
a multiunit building, the homestead is the portion of the
building actually used as the principal dwelling and its
percentage of the value of the common elements and of the value
of the tax lot upon which it is built. The percentage is the
value of the unit consisting of the homestead compared to the
total value of the building exclusive of the common elements, if
any.
(4) 'Taxpayer' means an individual who has filed a claim for
deferral under ORS 311.668 or individuals who have jointly filed
a claim for deferral under ORS 311.668.
(5) 'Tax-deferred property' means the property upon which taxes
are deferred under ORS 311.666 to 311.701.
(6) 'Taxes' or 'property taxes' means ad valorem taxes,
assessments, fees and charges entered on the assessment and tax
roll.
SECTION 2. ORS 311.676, as amended by section 4, chapter 1097,
Oregon Laws 1999, is amended to read:
311.676. (1) Upon determining the amount of deferred taxes on
tax-deferred property for the tax year, the Department of Revenue
shall pay to the respective county tax collectors an amount
equivalent to the deferred taxes less three percent thereof.
Payment shall be made from the revolving account established
under ORS 311.701.
Enrolled House Bill 2347 (HB 2347-A) Page 1
(2) The department shall maintain accounts for each deferred
property and shall accrue interest only on the actual amount of
taxes advanced to the county.
(3) { + (a) + } If only a portion of taxes are deferred under
ORS 311.689, the department shall pay the portion that is
eligible for deferral to the tax collector and shall provide a
separate notice to the county assessor stating the amount of
property taxes that the department is paying.
{ + (b) The notice stating the amount of property taxes paid
by the department and any other county records indicating those
amounts are not subject to the prohibitions against disclosure
set forth in ORS 314.835. + }
SECTION 3. { + The amendments to ORS 311.666 and 311.676 by
sections 1 and 2 of this 2001 Act apply only to the deferral of
property taxes in tax years beginning on or after July 1,
2001. + }
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Passed by House March 16, 2001
...........................................................
Chief Clerk of House
...........................................................
Speaker of House
Passed by Senate May 4, 2001
...........................................................
President of Senate
Enrolled House Bill 2347 (HB 2347-A) Page 2
Received by Governor:
......M.,............., 2001
Approved:
......M.,............., 2001
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2001
...........................................................
Secretary of State
Enrolled House Bill 2347 (HB 2347-A) Page 3