SJR 2
Proposes an amendment to the Oregon Constitution to exclude partial exemptions of the assessed value of property, and tax credits against property taxes on property, from the requirement that the maximum assessed value of the property be redetermined when the property is first granted or disqualified from a partial exemption or property tax credit. Refers the proposed amendment to the people for their approval or rejection at the next regular general election.
| Status | In Senate Committee (SRULES) |
| Requested by | (at the request of Senate Interim Committee on Finance and Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
Bill Text
Proposes simplifying property tax assessment rules for partial exemptions and tax credits on property.
Overview#
Digest: The measure would simplify how exempt property is taxed. It takes effect only if the people vote for it. (Flesch Readability Score: 72.5). Proposes an amendment to the Oregon Constitution to exclude partial exemptions of the assessed value of property, and tax credits against property taxes on property, from the requirement that the maximum assessed value of the property be redetermined when the property is first granted or disqualified from a partial exemption or property tax credit. Refers the proposed amendment to the people for their approval or rejection at the next regular general election.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | S | Introduction and first reading. Referred to President's desk. |
| 2025-01-17 | S | Referred to Rules. |
| 2025-06-27 | S | In committee upon adjournment. |