· OR legislature · 2025R1

Relating to exemption of property owned by a limited equity cooperative; and prescribing an effective date.

Removes the eligibility requirement for the low income rental housing property tax exemption that property of a limited equity cooperative be constructed or converted after the local governing body adopts the exemption program. Takes effect on the 91st day following adjournment sine die.

Sponsor

James Manning (D-OR)

Introduced

2025-01-13

Policy area

Housing and Community Development

Latest action

Chapter 211, (2025 Laws): effective on the 91st day following adjournment sine die.