Relating to the taxation of property used in a home share program; and prescribing an effective date.
It became law on Jul 23, 2019.
- Stage
- Became law
- Started in
- Senate
- Sponsors
- 6
- Latest action
- Jul 23, 2019
What it does
Authorizes city or county to adopt property tax exemption \tfor portion] in amount not to exceed $300,000 of assessed value of principal place of residence used by homeowner to rent space in residence through public or nonprofit home share program to individuals seeking such space. \tProvides that exemption shall be granted as 100 percent exemption for five consecutive years unless city or county adopts other terms.] Provides that \tcity or county] adopting jurisdiction must require \tmeans testing of home share seekers. Requires] home share rental agreement to offer space at rent affordable to home share seekers with income at or below \tlevel determined by city or county] 60 percent of…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Oregon.