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OregonHB 20742025 Regular SessionHouseWALLET

Relating to property tax exemption for vertical housing development projects; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Housing developers get longer tax exemption window

Cities and counties can certify qualifying vertical housing projects for property tax exemptions before January 1, 2032. This extends the prior January 1, 2026 cutoff by six years. The Housing and Community Services Department remains barred from issuing new certifications on or after January 1, 2018. The law takes effect on the 91st day after Oregon’s 2025 regular legislative session adjourns. It changes certification deadlines, not the tax exemption itself, and does not guarantee lower housing costs for residents.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 92 • No: 0

Senate vote • 5/21/2025

Third reading. Carried by Patterson. Passed.

Yes: 26 • No: 0

Senate vote • 5/12/2025

Finance and Revenue: Heard and Reported Out

Yes: 5 • No: 0

House vote • 4/8/2025

Third reading. Carried by Hudson. Passed.

Yes: 54 • No: 0

House vote • 4/1/2025

Revenue: Heard and Reported Out

Yes: 7 • No: 0

Actions Timeline

  1. Chapter 191, (2025 Laws): effective on the 91st day following adjournment sine die.

    6/11/2025House

  2. Governor signed.

    5/28/2025House

  3. President signed.

    5/22/2025Senate

  4. Speaker signed.

    5/22/2025House

  5. Third reading. Carried by Patterson. Passed.

    5/21/2025Senate

  6. Carried over to 05-21 by unanimous consent.

    5/20/2025Senate

  7. Carried over to 05-20 by unanimous consent.

    5/19/2025Senate

  8. Second reading.

    5/15/2025Senate

  9. Recommendation: Do pass.

    5/15/2025Senate

  10. Work Session held.

    5/12/2025Senate

  11. Public Hearing held.

    5/5/2025Senate

  12. Referred to Finance and Revenue.

    4/9/2025Senate

  13. First reading. Referred to President's desk.

    4/9/2025Senate

  14. Third reading. Carried by Hudson. Passed.

    4/8/2025House

  15. Second reading.

    4/7/2025House

  16. Recommendation: Do pass.

    4/3/2025House

  17. Work Session held.

    4/1/2025House

  18. Public Hearing held.

    2/4/2025House

  19. Referred to Revenue.

    1/17/2025House

  20. First reading. Referred to Speaker's desk.

    1/13/2025House

Bill Text

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