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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 eligibility thresholds for the deferral program.
A Legislative Revenue Office staff member told the committee that House Bill 3,589 A “transfers in January of estimated excess funds in the senior property tax deferral revolving account to the senior housing development initiative” and requires the Department of Revenue to “review the solvency of the account each year beginning in 2027 and estimate the amount of any excess funds to transfer.” A separate staff explanation said the A3 amendment to HB 3,506 A would transfer $3 million in estimated excess funds in January 2026 to support seniors and people with disabilities, including accessibility modifications; and move $250,000 in January 2026 to the Department of Revenue to contract with a public benefit corporation or consultant to establish an outreach program and report to the Legislature in September 2026.
Representative Jules Marsh thanked Legislative Revenue Office staff for their assistance and said the office’s work increased confidence in the proposals. Vice Chair Jules Walters formally moved each bill to the floor with a “do pass” recommendation and the subsequent referral to the Joint Committee on Ways and Means; the committee chair announced “Motion passes” after asking for objections.
Committee members noted the bills had been discussed in prior meetings and that some amendments had been vetted earlier. Representative Marsha Rush and others praised the package as an effort to keep the fund solvent while expanding program reach. The committee designated Representative Reschke as the bill carrier for at least one of the measures.
The measures will proceed to the House floor and to Ways and Means as required. Committee paperwork and amendment texts are available through the Oregon Legislative Information System (OLIS).
