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OR HB3036
Bill
AI Summary
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Expands the corporate excise tax credit for affordable housing lending by allowing qualified borrowers to use interest rate savings for resident services or supportive services, in addition to reduced housing payments
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Amends ORS 317.097 to broaden how savings from reduced-interest loans can benefit tenants in affordable housing developments and limited equity cooperatives
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Applies to tax years beginning on or after January 1, 2025
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Takes effect on the 91st day following adjournment sine die of the 2025 legislative session
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Filed at the request of Governor Tina Kotek for the Housing and Community Services Department
Legislative Description
Relating to tax credits for affordable housing lending; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025