HB 4054
Extends historic property special assessment program for two years.
| Status | Chapter Number Assigned |
| Requested by | (at the request of House Interim Committee on Revenue for Representative Bobby Levy, Representative Andrea Valderrama) |
| Fiscal impact | Has minimal fiscal impact |
| Revenue impact | Has minimal revenue impact |
Bill Text
Extends the historic property special assessment program for two years and amends assessment formulas.
Overview#
Limits program for property tax special assessment of historic property to commercial property. Requires preservation plan to have aim of preventing displacement, reversing impacts of, or preventing, community disinvestment and engaging and serving underrepresented histories. Reduces minimum expenditure commitment to five percent of historic property’s real market value. Requires, for rehabilitation work in city with population of at least 30,000, at least 50 percent of services to be performed by minority-owned business, woman-owned business or emerging small business.] Extends historic property special assessment program for two years. Amends formulas for assessing property in program. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Seiji Shiratori | Oregon Department of Revenue | Neutral | 2022-02-01 |
| Samantha Siegner | Portland | Support | 2022-02-01 |
| Mark Gharst | League of Oregon Cities | Support | 2022-02-01 |
| Nicole Possert | Restore Oregon | Support | 2022-02-01 |
| Stephanie Whitlock | Architectural Heritage Center | Support | 2022-02-02 |
| David Wall | Newberg | Oppose | 2022-02-25 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-01 | H | First reading. Referred to Speaker's desk. |
| 2022-02-01 | H | Referred to Revenue. |
| 2022-02-01 | H | Public Hearing held. |
| 2022-02-11 | H | Work Session cancelled. |
| 2022-02-17 | H | Work Session held. |
| 2022-02-18 | H | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2022-02-21 | H | Second reading. |
| 2022-02-22 | H | Third reading. Carried by Levy, Valderrama. Passed. |
| 2022-02-23 | S | First reading. Referred to President's desk. |
| 2022-02-23 | S | Referred to Finance and Revenue. |
| 2022-02-24 | S | Public Hearing and Work Session held. |
| 2022-02-25 | S | Recommendation: Do pass the A-Eng. bill. |
| 2022-02-25 | S | Second reading. |
| 2022-02-28 | S | Third reading. Carried by Sollman. Passed. |
| 2022-03-02 | H | Speaker signed. |
| 2022-03-02 | S | President signed. |
| 2022-03-23 | H | Governor signed. |
| 2022-04-01 | H | Chapter 50, (2022 Laws): Effective date June 3, 2022. |