Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cities and developers support extending vertical housing tax exemption; LRO presents usage data
Summary
The committee heard public testimony and LRO analysis on House Bill 2,074, which would extend the partial property tax exemption for vertical housing development projects. Testimony from Beaverton's mayor and tax policy advocates described local use and recent growth in program uptake.
Chair Nathanson opened a public hearing on House Bill 2,074, which would move the sunset for the partial property tax exemption for vertical housing development projects from December 31, 2025 to December 31, 2031. The Legislative Revenue Office presented background on the exemption’s policy purpose, mechanics and program usage.
LRO staff explained the exemption is a partial 10‑year exemption for newly constructed or rehabilitated mixed‑use projects in designated vertical housing development zones. The partial…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
