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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Senate Bill 118
Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with pre-
session filing rules, indicating neither advocacy nor opposition on the part of the President (at the request
of Senate Interim Committee on Finance and Revenue)
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure as introduced.The statement includes a measure digest written in compliance with applicable readability
standards.
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.
A BILL FOR AN ACT
Relating to property tax exemption for multiunit rental housing; amending section 4, chapter 624,
Oregon Laws 2017; and prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
SECTION 1. Section 4, chapter 624, Oregon Laws 2017, is amended to read:
Sec. 4. (1) Sections 1 to 3 [of this 2017 Act], chapter 624, Oregon Laws 2017, are repealed on
January 2, [2027] 2033.
(2) Notwithstanding the date specified in subsection (1) of this section, eligible rental property
that is granted exemption under an ordinance or resolution adopted pursuant to section 1 [of this
2017 Act], chapter 624, Oregon Laws 2017, before the date specified in subsection (1) of this section
shall continue to receive the exemption under the provisions of the ordinance or resolution for the
period of time for which the exemption was granted.
SECTION 2.This 2025 Act takes effect on the 91st day after the date on which the 2025
regular session of the Eighty-third Legislative Assembly adjourns sine die.
NOTE:Matter in boldfaced type in an amended section is new; matter [italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 2141