Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to extend property tax exemption to preexisting limited-equity housing co-ops
Summary
House Bill 3232 would remove a date restriction so the low-income rental housing property tax exemption can apply to limited-equity housing cooperatives formed before the original cutoff date; city and county officials and co-op advocates told the House Committee on Revenue they support the change.
The House Committee on Revenue opened a public hearing Tuesday on House Bill 3232, which would remove a date requirement in Oregon’s low-income rental housing property tax exemption so the benefit can apply to limited-equity housing cooperatives that were established before the original statute’s effective date.
A staff presenter summarized the bill for the committee, saying, “House Bill 3,232 removes the requirement for the low income rental housing property tax exemption that…
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
