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OR SB118

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Unknown

Origin

Senate

2025 Legislative Measures

AI Summary

  • Extends the sunset date for the property tax exemption for multiunit rental housing from January 2, 2027 to January 2, 2033
  • Rental properties already granted exemptions under local ordinances before the sunset date will continue receiving the exemption for the full period originally granted
  • Amends section 4, chapter 624, Oregon Laws 2017, which established the original exemption program
  • Takes effect on the 91st day following adjournment of the 2025 regular legislative session

Legislative Description

Relating to property tax exemption for multiunit rental 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