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Senate panel considers dash-1 that directs economic analysis of rent-control effects and contemplates tax-credit pilot for new construction
Summary
A dash-1 amendment to Senate Bill 500 would require the Oregon Office of Economic Analysis to prepare a report by Dec. 1, 2026, assessing whether income-tax credits would be an effective supplement to Oregon’s rent-control law in preserving and producing affordable housing.
A dash-1 amendment to Senate Bill 500 would task the Oregon Office of Economic Analysis with an independent study of how income-tax credits and other policy tools interact with Oregon’s rent-control law, and would require a report to legislative committees on revenue by Dec. 1, 2026.
Sponsor testimony by State Senator David Brock Smith described the bill’s original concept — a pilot of $5 million per year in tax credits for five years to incentivize construction of qualified single-family or multifamily…
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