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---
type: "Bill"
title: "Relating to first-time home buyer savings accounts; prescribing an effective date."
description: "Digest: Changes accounts for first-time home buyers, for accounts starting in 2025. Requires taxpayer to keep records. Changes rules for banks. Becomes law 91 days from sine die. (Flesch Readability Score: 62.1)."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2024R1"
identifier: "SB 1527"
citation: "Oregon SB 1527 (2024R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 5
action_count: 19
vote_count: 4
first_action: "2024-02-05T15:05:18+00:00"
last_action: "2024-03-28T19:49:35+00:00"
source: "openstates"
source_identifier: "ocd-bill/4e919dd8-4959-4a56-adce-509fc9837b10"
source_url: "https://olis.oregonlegislature.gov/liz/2024R1/Measures/Overview/SB1527"
source_hash: "3c3b4d3ea9eb7724cd11be6c27d5282020b59ab5300523a524d88d185a174e1b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---
# Oregon SB 1527 (2024R1) — Relating to first-time home buyer savings accounts; prescribing an effective date.
Digest: Changes accounts for first-time home buyers, for accounts starting in 2025. Requires taxpayer to keep records. Changes rules for banks. Becomes law 91 days from sine die. (Flesch Readability Score: 62.1).
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1527/Introduced)
2. **Senate Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1527/Senate%20Amendments%20to%20Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1527/A-Engrossed)
4. **SFR Amendment -1** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/ProposedAmendment/25668)
5. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1527/Enrolled)
## Votes
- Heard and Reported Out — **7–0** (pass) · lower
- Third reading. Carried by Meek. Passed. — **30–0** (pass) · upper
- Heard and Reported Out with Amendments — **5–0** (pass) · upper
- Rules suspended. Third reading. Carried by Breese-Iverson. Passed. — **52–0** (pass) · lower
## Timeline
The legislative action history — every referral, reading, and vote.
- **2024-02-05T15:05:18+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2024-02-05T17:31:30+00:00** Referred to Finance and Revenue. `referral-committee`
- **2024-02-06T23:01:00+00:00** Public Hearing held.
- **2024-02-12T23:02:00+00:00** Work Session held.
- **2024-02-16T17:26:06+00:00** Recommendation: Do pass with amendments. (Printed A-Eng.) `committee-passage-favorable`
- **2024-02-19T19:11:02+00:00** Second reading. `reading-2`
- **2024-02-20T19:58:28+00:00** Third reading. Carried by Meek. Passed. `passage, reading-3`
- **2024-02-21T18:22:21+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2024-02-21T22:31:37+00:00** Referred to Revenue. `referral-committee`
- **2024-02-29T16:31:00+00:00** Public Hearing held.
- **2024-03-04T16:32:00+00:00** Work Session held.
- **2024-03-04T23:38:00+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2024-03-05T18:26:01+00:00** Second reading. `reading-2`
- **2024-03-05T23:56:43+00:00** Rules suspended. Third reading. Carried by Breese-Iverson. Passed. `passage, reading-3`
- **2024-03-07T19:30:22+00:00** President signed. `passage`
- **2024-03-07T21:16:50+00:00** Speaker signed. `passage`
- **2024-03-27T19:48:17+00:00** Governor signed. `executive-signature`
- **2024-03-28T19:46:49+00:00** Chapter 53, 2024 Laws.
- **2024-03-28T19:49:35+00:00** Effective date, June 6, 2024.
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4e919dd8-4959-4a56-adce-509fc9837b10`. Confidence: reported (aggregated from official Oregon legislature records).