Rep. Julie Fahey

Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold income amount. Establishes Oregon Housing Opportunity Account. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to account. Applies to tax years beginning on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.

Creates credit against income taxes for purchasing publicly supported housing to retain as affordable housing. Applies to sales of housing completed in tax years beginning on or after January 1, 2022, and before January 1, 2028.

Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold income amount. Establishes Oregon Housing Opportunity Account. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to account. Applies to tax years beginning on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.

Provides that local government may not become stockholder in or loan credit to or in aid of municipal bank. Provides that municipal bank is not required to obtain deposit insurance from Federal Deposit Insurance Corporation under certain conditions. Provides that municipal bank may act as depository or custodian of public funds under certain conditions.

Directs Housing and Community Services Department to study issues relating to manufactured dwellings and report to appropriate committee or interim committee of Legislative Assembly on or before September 15, 2022. Sunsets December 31, 2022.

Provides that part-time faculty member at public institution of higher education who qualifies for health care benefits will pay 10 percent of insurance premiums for employee coverage. Requires state to pay for remaining costs of insurance premiums out of moneys appropriated to Oregon Educators Benefit Board. Permits institution to agree through either institution policy or collective bargaining to pay portion of health care benefits paid for by employee. Provides that unless otherwise agreed through collective bargaining, employees who are eligible to receive health care benefits in manner specified may receive health care benefits from institution only in manner specified. Provides that any savings realized by institution are subject to collective bargaining. Directs board to determine prior to open enrollment period whether it has received sufficient funds to cover required premium payments. Provides that if board has not received sufficient funds, board may require employee share to increase and that institution is not responsible for paying insurance premiums. Requires legacy health benefit coverage to be maintained for part-time faculty at institutions who are not eligible for health care benefits under provisions. Establishes Part-Time Faculty Insurance Fund and continuously appropriates moneys in fund to board. Declares emergency, effective on passage.

Expands definition of "funds of a public agency" to include dollar amount of tax credits or tax abatements for purposes of public contracting law. Directs Oregon Business Development Department to adopt rules under which enterprise zone sponsor may promote manufacturing related to renewable and clean energy technology in zone. Requires business firms to show compliance with respect to certain conditions related to labor and employment for eligibility for certain enterprise zone property tax exemption programs. Requires such business firms receiving property tax benefits with value above threshold and certain subcontractors to abide by additional conditions related to hiring and employment. Requires person paying fee in lieu of property taxes on solar project property to agree that businesses performing work on solar project shall comply with certain conditions related to labor and employment. Directs Oregon Business Development Department to create clean energy manufacturing initiative to promote clean energy manufacturing. Authorizes department to make loans to eligible business firms for such purpose. Establishes Oregon Clean Energy Manufacturing Initiative Fund to fund loans. Allocates moneys for deposit into fund. Takes effect on 91st day following adjournment sine die.

Establishes Prosperity 1,000 Pilot Program to provide career coaching, occupational training and job placement services for at least 1,000 low-income job seekers residing in areas of concentrated poverty. Appropriates moneys from General Fund to Department of Human Services for biennium beginning July 1, 2021. Sunsets January 2, 2026. Declares emergency, effective July 1, 2021.

Establishes product stewardship program for mattresses. Establishes Mattress Stewardship Fund. Establishes mattress stewardship program advisory committee. Requires stewardship organizations to submit plans for mattress stewardship programs to Department of Environmental Quality. Imposes civil penalties for violation of program provisions not to exceed, per day for each day of violation, $100 for violation by retailer, $1,000 for violation by producer or renovator and $1,000 for violation by stewardship organization. Becomes operative January 1, 2022. Takes effect on 91st day following adjournment sine die.

Requires Portland State University Homelessness Research and Action Collaborative to study long-term rent assistance and to report to interim committee of Legislative Assembly no later than September 15, 2022. Declares emergency, effective on passage.