SB 118
Extends the sunset date for the property tax exemption for multiunit rental housing.
| Status | In Senate Committee (SFR) |
| Requested by | (at the request of Senate Interim Committee on Finance and Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Extends the sunset date for property tax exemptions on multiunit rental housing.
Overview#
Digest: The Act would extend the property tax break for multiunit rental housing. (Flesch Readability Score: 60.7). Extends the sunset date for the property tax exemption for multiunit rental housing. Takes effect on the 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Alexis Ames | Portland | Support | 2025-02-04 |
| Brock Nation | Oregon REALTORS | Support | 2025-02-05 |
| Richard Swift | Portland | Support | 2025-02-05 |
| Ariel Nelson | City of Hillsboro | Support | 2025-02-05 |
| Rebekah Markillie | Oregon Housing Alliance | Support | 2025-02-06 |
| Jenna Jones | League of Oregon Cities | Support | 2025-02-06 |
| David Wall | Newberg | Oppose | 2025-02-06 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | S | Introduction and first reading. Referred to President's desk. |
| 2025-01-17 | S | Referred to Finance and Revenue, then Tax Expenditures. |
| 2025-02-05 | S | Public Hearing held. |
| 2025-06-27 | S | In committee upon adjournment. |