SB 94
Provides that brownfield granted property tax incentive benefit under program adopted pursuant to chapter 96, Oregon Laws 2016, may be granted any other special assessment, exemption or partial exemption for which such property is eligible.
| Status | In Senate Committee (SENR) |
| Session | 2019 Regular Session |
| Requested by | (at the request of Senate Interim Committee on Environment and Natural Resources) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Allows brownfield properties receiving tax incentives to also receive other special assessments and exemptions while capping total tax benefits.
Overview#
Provides that brownfield granted property tax incentive benefit under program adopted pursuant to chapter 96, Oregon Laws 2016, may be granted any other special assessment, exemption or partial exemption for which such property is eligible. Provides that total amount of all property tax benefits granted to brownfield under any law may not reduce property tax liability below zero for any property tax year. Provides that eligible costs of brownfield for purposes of determining property tax incentive benefit under chapter 96, Oregon Laws 2016, shall be reduced by any special assessment, exemption or partial exemption granted to brownfield under any law other than chapter 96, Oregon Laws 2016. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | S | Introduction and first reading. Referred to President's desk. |
| 2019-01-15 | S | Referred to Environment and Natural Resources, then Finance and Revenue. |
| 2019-06-30 | S | In committee upon adjournment. |