OR HB2377 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on August 10 2017 - 100% progression
Action: 2017-08-10 - Chapter 624, (2017 Laws): Effective date October 6, 2017.
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Bipartisan Bill
Status: Passed on August 10 2017 - 100% progression
Action: 2017-08-10 - Chapter 624, (2017 Laws): Effective date October 6, 2017.
Text: Latest bill text (Enrolled) [PDF]
Summary
Authorizes city or county to adopt ordinance or resolution granting exemption for newly rehabilitated or constructed multiunit rental housing. Provides that otherwise eligible rental property may receive exemption for rehabilitation only once. Provides that exemption may be granted for term of up to 10 years depending on number of units rented to households with annual income at or below 120 percent of area median income under definition adopted by city or county at monthly rates affordable to such households. Requires city's or county's definition of "area median income" to be adjusted for size of household. Requires city or county to adopt definition of "affordable." Provides that ordinance or resolution granting exemption may not take effect unless rates of taxation of taxing districts whose governing bodies agree to grant exemption equal 51 percent or more of total combined rate of taxation on qualified property. Requires exemption to be granted to all eligible rental property on same terms in effect on date application is submitted. Allows city or county to amend exemption, subject to approval process of taxing districts, or terminate exemption, but provides that qualified property granted exemption continues to receive exemption under same terms in effect at time exemption was first granted. Provides for clawback of exemption savings if county assessor determines rental property does not meet requirements for exemption. Sunsets on January 2, 2027. Takes effect on 91st day following adjournment sine die.
Title
Relating to tax incentives for affordable housing; and prescribing an effective date.
Sponsors
Roll Calls
2017-07-01 - House - House Third Reading in Concurrence (Y: 56 N: 0 NV: 0 Abs: 4) [PASS]
2017-06-30 - Senate - Senate Third Reading (Y: 30 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-27 - Senate - Senate Committee Do pass with amendments to the B-Eng bill. (Printed C-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-19 - House - House Third Reading (Y: 55 N: 0 NV: 0 Abs: 5) [PASS]
2017-06-13 - House - House Committee Do pass with amendments to the A-Eng bill. (Printed B-Eng.) (Y: 7 N: 0 NV: 0 Abs: 2) [PASS]
2017-04-18 - House - House Committee Do pass with amendments and be referred to Revenue by prior reference. (Printed A-Eng.) (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-30 - Senate - Senate Third Reading (Y: 30 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-27 - Senate - Senate Committee Do pass with amendments to the B-Eng bill. (Printed C-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-19 - House - House Third Reading (Y: 55 N: 0 NV: 0 Abs: 5) [PASS]
2017-06-13 - House - House Committee Do pass with amendments to the A-Eng bill. (Printed B-Eng.) (Y: 7 N: 0 NV: 0 Abs: 2) [PASS]
2017-04-18 - House - House Committee Do pass with amendments and be referred to Revenue by prior reference. (Printed A-Eng.) (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-08-10 | House | Chapter 624, (2017 Laws): Effective date October 6, 2017. |
| 2017-08-02 | House | Governor signed. |
| 2017-07-06 | Senate | President signed. |
| 2017-07-05 | House | Speaker signed. |
| 2017-07-01 | House | House concurred in Senate amendments and repassed bill.Ayes, 56; Excused, 4--Barreto, Boone, Hayden, Noble. |
| 2017-06-30 | Senate | Third reading. Carried by Taylor. Passed.Ayes, 30. |
| 2017-06-29 | Senate | Second reading. |
| 2017-06-28 | Senate | Recommendation: Do pass with amendments to the B-Eng. bill. (Printed C-Eng.) |
| 2017-06-27 | Senate | Public Hearing and Work Session held. |
| 2017-06-21 | Senate | Referred to Finance and Revenue. |
| 2017-06-20 | Senate | First reading. Referred to President's desk. |
| 2017-06-19 | House | Third reading. Carried by Smith DB. Passed.Ayes, 55; Absent, 1--McLain; Excused, 3--Bentz, Boone, Whisnant; Excused for Business of the House, 1--Speaker Kotek. |
| 2017-06-15 | House | Second reading. |
| 2017-06-14 | House | Recommendation: Do pass with amendments and be printed B-Engrossed. |
| 2017-06-13 | House | Work Session held. |
| 2017-06-12 | House | Work Session held. |
| 2017-05-23 | House | Public Hearing held. |
| 2017-04-25 | House | Referred to Revenue by prior reference. |
| 2017-04-25 | House | Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference. |
| 2017-04-18 | House | Work Session held. |
| 2017-04-06 | House | Public Hearing held. |
| 2017-01-17 | House | Referred to Human Services and Housing with subsequent referral to Revenue. |
| 2017-01-09 | House | First reading. Referred to Speaker's desk. |
