HB 2932 — Relating to property tax exemption for seismic retrofitting costs; prescribing an effective date.
Last action — In committee upon adjournment.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.
Summary
Authorizes city or county to adopt ordinance or resolution providing property tax exemption to commercial, industrial and multifamily buildings that have been seismically retrofitted, for period of up to 10 years, with additional period up to five years based on locally adopted criteria. Caps dollar amount of exemption at specified eligible costs to seismically retrofit building. Provides that ordinance or resolution becomes effective only if rates of taxation of taxing districts located within territory of local government whose governing boards agree to exemption or partial exemption, when combined with rate of local government adopting exemption or partial exemption, equal 75 percent or more of total combined rate of taxation within territory of local government. Provides that eligible costs equal discounted present value of estimated after-tax costs directly related to work necessary to seismically retrofit building. Authorizes county assessor to charge owner of building fee of up to $200 for first year and up to $100 for each subsequent year for which property exemption or partial exemption is granted. Provides for clawback of property tax upon disqualification for failure to comply with eligibility requirements or make reasonable progress on seismic retrofitting or for misleading or false statements in application. Authorizes city or county to provide owner with opportunity to cure grounds for disqualification. Sunsets authority to adopt ordinance or resolution on January 2, 2028. Takes effect on 91st day following adjournment sine die.
Bill Text
We don't have the full text on file for this bill yet.
Read HB 2932 on the official Oregon source →Action History
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In committee upon adjournment.
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Referred to Veterans and Emergency Preparedness with subsequent referral to Revenue.
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First reading. Referred to Speaker's desk.
Sponsors
- Deborah Boone · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 89 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (89)
89 members have not signed on to this bill.
Show all 89 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 2932 do?
- Authorizes city or county to adopt ordinance or resolution providing property tax exemption to commercial, industrial and multifamily buildings that have been seismically retrofitted, for period of up to 10 years, with additional period up to five years based on locally adopted criteria. Caps dollar amount of exemption at specified eligible costs to seismically retrofit building. Provides that ordinance or resolution becomes effective only if rates of taxation of taxing districts located within territory of local government whose governing boards agree to exemption or partial exemption, when combined with rate of local government adopting exemption or partial exemption, equal 75 percent or more of total combined rate of taxation within territory of local government. Provides that eligible costs equal discounted present value of estimated after-tax costs directly related to work necessary to seismically retrofit building. Authorizes county assessor to charge owner of building fee of up to $200 for first year and up to $100 for each subsequent year for which property exemption or partial exemption is granted. Provides for clawback of property tax upon disqualification for failure to comply with eligibility requirements or make reasonable progress on seismic retrofitting or for misleading or false statements in application. Authorizes city or county to provide owner with opportunity to cure grounds for disqualification. Sunsets authority to adopt ordinance or resolution on January 2, 2028. Takes effect on 91st day following adjournment sine die.
- Who sponsors HB 2932?
- HB 2932 is sponsored by Deborah Boone.
- What is the current status of HB 2932?
- This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 2932?
- Track HB 2932 free on One Click Politics — get push/email alerts when it moves.
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