76th OREGON LEGISLATIVE ASSEMBLY--2012 Regular Session
 
HA to HB 4039
 
LC 166/HB 4039-3
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 4039
 
                     By COMMITTEE ON REVENUE
 
                           February 7
 
  On page 1 of the printed bill, line 2, delete the second comma
and insert 'and'.
  In line 3, delete 'and 646.608'.
  In line 6, delete 'a financial institution, as defined in ORS
706.008,' and insert 'the lender'.
  Delete lines 8 through 25.
  Delete pages 2 and 3.
  On page 4, delete lines 1 through 18.
  In line 19, delete '3' and insert '2'.
  On page 5, line 16, delete '4' and insert '3'.
  On page 6, line 7, delete '5' and insert '4'.
  In line 41, delete '6' and insert '5'.
  After line 44, insert:
  '  { +  SECTION 6. + }  { + (1) The Department of Revenue
shall:
  ' (a) In consultation with the Legislative Revenue Officer,
develop a data gathering instrument to gather detailed data
regarding the socioeconomic characteristics and financial
position relating to the tax-deferred homestead, of all taxpayers
participating in the homestead property tax deferral program
under ORS 311.666 to 311.701.
  ' (b) As soon as practicable after the effective date of this
2012 Act, present a prototype of the data gathering instrument to
the interim committees of the Legislative Assembly related to
revenue for approval.
  ' (c) Deliver the data gathering instrument, as approved by the
interim committees described in paragraph (b) of this subsection,
as a separate mailing to the participating taxpayers.
  ' (d) Not later than January 31, 2013, report to the interim
committees of the Legislative Assembly related to revenue on the
data gathered pursuant to this section.
  ' (2) Any costs associated with this section shall be
considered administrative expenses of the homestead property tax
deferral program under ORS 311.666 to 311.701. + }
  '  { +  SECTION 7. + }  { + (1) Notwithstanding section 24 (1),
chapter 723, Oregon Laws 2011, the amendments to ORS 311.700 by
section 16, chapter 723, Oregon Laws 2011, apply to property tax
years beginning on or after July 1, 2013, for homesteads:
  ' (a) That were determined, pursuant to chapter 723, Oregon
Laws 2011, to be ineligible for deferral under ORS 311.666 to
311.701 solely because the homestead was pledged as security for
a reverse mortgage;
  ' (b) That had been granted deferral under ORS 311.666 to
311.701 at the time of the determination of ineligibility; and
  ' (c) For which an application for recertification of deferral
under ORS 311.666 to 311.701, as required pursuant to chapter
723, Oregon Laws 2011, was submitted on or before February 1,
2012, for the property tax year beginning on July 1, 2011.
  ' (2) The Department of Revenue shall, as soon as practicable
after the effective date of this 2012 Act:
  ' (a) Notify the respective tax collectors of homesteads to
which subsection (1) of this section applies; and
  ' (b) Pay, in the manner prescribed under ORS 311.676, an
amount equivalent to the property taxes that are eligible for
deferral by operation of subsection (1) of this section.
  ' (3) If property taxes that are eligible for deferral by
operation of subsection (1) of this section have not been paid,
any interest on the property taxes is abated.
  ' (4)(a) The tax collector of the county in which a homestead
described in subsection (1) of this section is located shall
notify the governing body of the county of any refund required by
operation of subsection (1) of this section.
  ' (b) Upon receipt of notice from the tax collector under
paragraph (a) of this subsection, the governing body shall cause
a refund of any amount of property taxes and interest on the
taxes that have been paid to be made from the refund reserve
account, if the county has established a refund reserve account
under ORS 311.807, or from the unsegregated tax collections
account described in ORS 311.385.
  ' (c) A refund under this subsection shall be made without
interest.
  ' (d) The county assessor and the tax collector shall make the
necessary corrections in the records of their offices. + } ' .
  In line 45, delete '7' and insert '8' and delete ' section 3'
and insert 'section 2'.
  On page 7, line 2, delete '8' and insert '9'.
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