Cities and developers support extending vertical housing tax exemption; LRO presents usage data
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.
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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.
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