Bill Text: OR SB323 | 2011 | Regular Session | Introduced

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Bill Title: Relating to property tax exemption for multiple-unit housing; prescribing an effective date.

Spectrum: Unknown

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB323 Detail]

Download: Oregon-2011-SB323-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 2728

                         Senate Bill 323

Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Senate Interim Committee on
  Finance and Revenue)

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Extends sunset date of multiple-unit housing exemption from
property taxation to 2022.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to property tax exemption for multiple-unit housing;
  amending ORS 307.637; and prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 307.637 is amended to read:
  307.637. An exemption for multiple-unit housing may not be
granted under ORS 307.600 to 307.637 unless:
  (1) In the case of multiple-unit housing described in ORS
307.603 (5)(a), the application for exemption is made to the city
or county on or before January 1,   { - 2012 - }  { +  2022 + }.
  (2) In the case of multiple-unit housing described in ORS
307.603 (5)(b), the construction, addition or conversion is
completed on or before January 1,   { - 2012 - }  { +  2022 + }.
  SECTION 2.  { + This 2011 Act takes effect on the 91st day
after the date on which the 2011 session of the Seventy-sixth
Legislative Assembly adjourns sine die. + }
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