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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

3281137 · May 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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