The Oregon House Committee on Revenue has taken significant steps to enhance the state's historic property special assessment program. During a meeting on March 27, 2025, the committee adopted a key amendment to House Bill 3190, which aims to broaden the eligibility criteria for property owners seeking tax relief.

The newly approved "dash 2" amendment expands the program beyond just commercial properties to include improved real properties that generate income. This change eliminates the previous requirement for a 10-year waiting period between assessment terms, allowing property owners to apply for an unlimited number of 10-year special assessment terms. Additionally, the amendment permits preservation plans to be submitted more than 24 months before the application date and mandates that property owners maintain insurance covering at least the real market value of their properties.

The committee's decision to move the bill forward with a "due pass" recommendation reflects a commitment to supporting property owners and preserving Oregon's historic sites. The bill will now proceed to the floor for further consideration, with Representative Noss designated as the carrier.

This legislative action is expected to provide greater financial flexibility for property owners, encouraging the preservation of historic properties while stimulating economic activity in the state. The committee's work on this bill marks a proactive approach to enhancing Oregon's heritage and supporting its communities.