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OR HB2725
Bill
Status
8/7/2025
Primary Sponsor
Hai Pham
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AI Summary
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Adds "affected port" as a new defined term in Oregon's strategic investment program, meaning port districts east of the westernmost Columbia River dam or port districts owning land where an eligible project will be located
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Requires affected ports to be included as parties to agreements with business firms seeking property tax exemptions under the strategic investment program when projects are located within port boundaries
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Mandates the Oregon Business Development Department provide negotiation training materials to counties, cities, and affected ports entering these agreements
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Includes affected ports in the fee distribution agreement process, where business firms pay 25% of property taxes (up to $3 million annually, adjusted for inflation) for community services support
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Takes effect 91 days after the 2025 legislative session adjourns and applies to requests made on or after the effective date
Legislative Description
Relating to the inclusion of ports in strategic investment program agreements; and prescribing an effective date.
Last Action
Chapter 489, (2025 Laws): Effective date September 26, 2025.
8/7/2025