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House committee approves plan to route surplus from tax-foreclosed property sales to state unclaimed-property program
Summary
The Oregon House Committee on Revenue adopted an amendment and voted to send House Bill 2089 to the floor after agreeing to a plan that directs surplus proceeds from certain tax-foreclosed property sales into the Oregon State Treasury's unclaimed property program, following the U.S. Supreme Court decision in Tyler v. Hennepin County.
The House Committee on Revenue on June 3 adopted an amendment to House Bill 2089 and voted to send the bill to the House floor with a due-pass recommendation. The bill sets a process for handling surplus proceeds from property tax foreclosure sales through the Oregon State Treasury's unclaimed property program, applying to claims where the notice of the redemption period expired on or after May 25, 2023.
The measure responds to the 2023 U.S. Supreme Court decision Tyler v. Hennepin County and follows prior legislative work including 2024 House Bill 4056 and an interim report…
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