Loading chat...

OR HB2725

Bill

Status

Passed

8/7/2025

Primary Sponsor

Hai Pham

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • 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

  • 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

  • Mandates the Oregon Business Development Department provide negotiation training materials to counties, cities, and affected ports entering these agreements

  • 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

  • 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

Committee Referrals

Finance and Revenue6/19/2025
Revenue3/4/2025
Transportation1/17/2025

Full Bill Text

No bill text available