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OR SB104
Bill
AI Summary
- Extends the sunset date for property tax exemptions on low-income housing owned by nonprofit corporations from July 1, 2027 to July 1, 2033
- Amends ORS 307.540 to 307.548, which has governed this exemption since January 1, 1985
- Takes effect on the 91st day following adjournment of the 2025 regular legislative session
- Continues an exemption that has been previously extended in 1993, 2003, and 2011
Legislative Description
Relating to property tax exemption for nonprofit corporation low income housing; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Finance and Revenue1/17/2025
Full Bill Text
No bill text available