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House Revenue Committee moves three senior homestead deferral bills to the floor
Summary
The Oregon House Committee on Revenue voted unanimously in work sessions to advance three bills that adjust senior homestead property tax deferral rules, move estimated excess funds into a senior housing initiative, and expand program outreach and eligibility.
The Oregon House Committee on Revenue voted unanimously in work sessions Thursday to advance three bills that together adjust the state’s senior homestead property tax-deferral program and direct excess funds toward senior housing and outreach.
The measures — House Bills 3,589 A, 3,506 A (as amended), and 3,712 (as amended) — would transfer estimated excess funds from the Senior Property Tax Deferral Revolving Account into a new or existing senior housing development initiative, require annual solvency reviews by the Department of Revenue beginning in 2027, and expand outreach and some…
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