SB 141
Makes percentage of partial property tax exemption for property of vertical housing development projects proportional to allocation of floor area to residential housing or low income residential housing, without rounding up or down.
| Status | Chapter Number Assigned |
| Requested by | (at the request of Senate Interim Committee on Finance and Revenue) |
| Fiscal impact | Has minimal fiscal impact |
| Revenue impact | Revenue impact issued |
Bill Text
Makes property tax exemptions for vertical housing development projects proportional to the floor area allocated to residential or low-income housing.
Overview#
Makes percentage of partial property tax exemption for property of vertical housing development projects proportional to allocation of equalized floors] floor area to residential housing or low income residential housing, without rounding up or down. Clarifies terminology used for computations of partial property tax exemption. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Gwenn Baldwin | Portland | Support | 2021-01-25 |
| Gwenn Baldwin | Portland | Support | 2021-01-26 |
| Andy Smith | City of Hillsboro | Support | 2021-01-27 |
| Mary Kyle McCurdy | 1000 Friends of Oregon | Support | 2021-01-27 |
| Anneliese Koehler | Metro | Support | 2021-01-27 |
| David Wall | Newberg | Oppose | 2021-01-28 |
| David Wall | Newberg | Oppose | 2021-01-28 |
| Avery Pickard | Oregon Economic Development Association | Support | 2021-01-29 |
| Ariel Nelson | Salem | Support | 2021-01-29 |
| Avery Pickard | Oregon Economic Development Association | Support | 2021-04-22 |
| Gwenn Baldwin | Oregon Smart Growth | Support | 2021-04-22 |
| Anneliese Koehler | Metro | Support | 2021-04-27 |
| Andrew Smith | Hillsboro | Unknown | 2021-04-27 |
| Mary Kyle McCurdy | 1000 Friends of Oregon | Support | 2021-04-27 |
| Ariel Nelson | League of Oregon Cities | Support | 2021-04-28 |
| Mark Ottenad | City of Wilsonville | Support | 2021-04-29 |
| Brian Monberg | City of Gresham | Support | 2021-04-29 |
| Gwenn Baldwin | Oregon Smart Growth | Support | 2021-06-07 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | S | Introduction and first reading. Referred to President's desk. |
| 2021-01-19 | S | Referred to Finance and Revenue. |
| 2021-01-28 | S | Public Hearing held. |
| 2021-03-04 | S | Work Session held. |
| 2021-03-08 | S | Work Session held. |
| 2021-03-26 | S | Recommendation: Do pass with amendments. (Printed A-Eng.) |
| 2021-03-31 | S | Second reading. |
| 2021-04-01 | S | Third reading. Carried by Boquist. Passed. |
| 2021-04-01 | H | First reading. Referred to Speaker's desk. |
| 2021-04-08 | H | Referred to Housing with subsequent referral to Revenue. |
| 2021-04-29 | H | Public Hearing held. |
| 2021-05-11 | H | Work Session held. |
| 2021-05-12 | H | Recommendation: Do pass and be referred to Revenue by prior reference. |
| 2021-05-12 | H | Referred to Revenue by prior reference. |
| 2021-06-07 | H | Public Hearing held. |
| 2021-06-09 | H | Work Session held. |
| 2021-06-14 | H | Recommendation: Do pass. |
| 2021-06-14 | H | Second reading. |
| 2021-06-15 | H | Third reading. Carried by Meek. Passed. |
| 2021-06-22 | S | President signed. |
| 2021-06-22 | H | Speaker signed. |
| 2021-07-14 | S | Governor signed. |
| 2021-08-16 | S | Effective date, September 25, 2021. |
| 2021-08-16 | S | Chapter 476, 2021 Laws. |