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OR HB2078
Bill
AI Summary
- Extends the sunset date for the multiunit rental housing property tax exemption program from January 2, 2027 to January 2, 2033
- Preserves existing exemptions granted before the sunset date, allowing properties to continue receiving the exemption for the full period originally granted under local ordinances
- Amends Section 4 of Chapter 624, Oregon Laws 2017, which originally established the property tax exemption framework for eligible rental properties
- Takes effect on the 91st day after the 2025 regular legislative session adjourns
Legislative Description
Relating to property tax exemption for multiunit rental housing; and prescribing an effective date.
Last Action
Chapter 193, (2025 Laws): effective on the 91st day following adjournment sine die.
6/11/2025
Committee Referrals
Finance and Revenue4/10/2025
Revenue1/17/2025
Full Bill Text
No bill text available