Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Incentives topic
No spam. Unsubscribe anytime.
House extends sunset for certain rental-housing tax exemptions to support redevelopment
Summary
House Bill 2,078 extends the repeal/sunset date for pre-existing property tax exemptions for renovated or newly constructed multi-unit rental housing, allowing eligible properties to continue receiving exemptions under local ordinances.
The Oregon House passed House Bill 2,078 on April 9 to extend sunset dates related to property tax exemptions for eligible renovated or newly constructed multi-unit rental housing. Representative Hudson carried the bill and said the change will continue one-time exemptions that incentivize construction and renovation of housing that prioritizes working families and low-income renters.
Sponsor explanation: Representative Hudson said extending the end date will “incentivize the construction and renovation of more affordable properties,” help stabilize the workforce and reduce cost-of-living burdens for residents. The bill passed the House after unanimous committee approval and floor consideration.
Outcome: House Bill 2,078 was declared passed after receiving the constitutional majority on third reading. The bill sets the extended repeal/sunset timeline and includes an effective date provision tied to adjournment timelines specified in the bill text as read on the floor.
