2020 Regular Session
|At the request of:||(at the request of Governor Kate Brown for Office of the Governor)|
|Bill Title:||Proposing amendment to Oregon Constitution relating to funding affordable housing.|
Proposes amendment to Oregon Constitution authorizing new state real property transfer charge or increase in rate of existing state real property transfer charge if state law imposing charge or increase provides for exemption of first $500,000 of taxable value of real property and revenue is used exclusively to fund or finance affordable housing in this state.
Requires state law imposing new charge or increasing rate of existing charge to contain definition of "affordable housing." Allows Legislative Assembly to adjust exemption amount to account for inflation. Refers proposed amendment to people for their approval or rejection at next regular general election held throughout this state.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|