Statutes, codes, and regulations
Oregon Revised Statutes
Title 29 - REVENUE AND TAXATIONChapter 307 - PROPERTY SUBJECT TO TAXATION; EXEMPTIONSEXEMPTIONS
LOW INCOME RENTAL HOUSING
Section 307.530 - Termination if property held for future development or other purpose; additional taxes

ORS § 307.530

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Current through 2024 Regular Session legislation
Section 307.530 - Termination if property held for future development or other purpose; additional taxes

An exemption granted under ORS 307.515 to 307.523 shall be immediately terminated and additional taxes imposed as provided in ORS 307.531 if the exempt property:

(1) Is being held for future development of low income rental housing; and
(2) Is used for any purpose other than the provision of low income rental housing.

ORS 307.530

1997 c.752 §10