OregonRelating to tax credits for lending for affordable housing; prescribing an effective date.
What it does
Expands purposes for the corporate excise tax credit allowed for affordable housing lending. Allows a tax credit for contributions to a qualified mortgage loan fund with the purpose of assisting certain home buyers. Allows credit for loans for preservation or rehabilitation of distressed properties without requiring typical rent reductions.
More detail
Applies to loans made and tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 28In committee upon adjournment.Latest
- May 29Referred to Tax Expenditures by order of Speaker.Minor
- May 29Recommendation: Do pass and be referred to Tax Expenditures.Minor
- May 27Work Session held.
- Vote recorded Heard and Reported Out. Result: pass.Lower
- May 6Public Hearing held.
- Apr 3Referred to Revenue by prior reference.Minor
- Apr 3Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.Minor
- Mar 31Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Lower
- Mar 24Public Hearing held.
- Feb 12Public Hearing held.
- Jan 17Referred to Housing and Homelessness with subsequent referral to Revenue.Minor
- Jan 13First reading. Referred to Speaker's desk.Introduced