Oregon Revised Statutes (Tax Chapters)
ORS § 307.603
Definitions for ORS 307.600 to 307.637
As used in ORS 307.600 to 307.637:
# (1)
“Establish” means, unless the context requires otherwise, making existing multiple-unit housing subject to a low income housing assistance contract.
# (2)
“Lender” means any person who makes a loan, secured by a recorded mortgage or trust deed, to finance the acquisition, construction, addition or conversion of multiple-unit housing.
# (3)
“Light rail station area” means an area defined in regional or local transportation plans to be within a one-half mile radius of an existing or planned light rail station.
# (4)
“Low income housing assistance contract” means an agreement between a public agency and a property owner that results in the production, rehabilitation, establishment or preservation of housing affordable to those with a defined level of household income.
# (5)
“Multiple-unit housing” means:
# (a)
Housing that is or becomes subject to a low income housing assistance contract with an agency or subdivision of this state or the United States; or
# (b)
Newly constructed structures, stories or other additions to existing structures and structures converted in whole or in part from other use to housing that meet the following criteria:
(A) The structure must have a minimum number of dwelling units as specified by the city or county pursuant to ORS 307.606 (4).
(B) The structure must not be designed or used as transient accommodations, including but not limited to hotels and motels.
(C) The structure must have those design elements benefiting the general public, including any commercial use of a portion of the structure, as specified by the city or county pursuant to ORS 307.618.
(D) If in a light rail station area or transit oriented area, the structure must:
(i) Be physically or functionally related to a light rail line or mass transportation system; and
(ii) Enhance the effectiveness of a light rail line or mass transportation system.
# (6)
“Transit oriented area” means an area defined in regional or local transportation plans to be within one-quarter mile of a fixed route transit service.
Amendment history
Formerly 307.605; 2011 c.266 §1
Source: view the official text
In this chapter (40 sections)
- 307.533 · Review; correction of tax rolls; payment of tax after…
- 307.535 · Extension of deadline for completion; exception to imposition…
- 307.537 · [1989 c.803 §12; 1991 c.459 §69; 1991 c.930 §11; 1997 c.752…
- 307.540 · Definitions for ORS 307.540 to 307.548
- 307.541 · Nonprofit corporation low income housing; criteria for…
- 307.543 · Exemption limited to levy of governing body adopting ORS…
- 307.545 · Application for exemption
- 307.547 · Determination of eligibility; notice to county assessor
- 307.548 · Termination of exemption; additional taxes
- 307.550 · [1983 c.786 §10; 1991 c.459 §70; 1997 c.541 §134; repealed by…
- 307.555 · Property burdened by affordable housing covenant used for…
- 307.558 · Termination of exemption for noncompliance; additional taxes
- 307.560 · [1983 c.786 §11; 1991 c.459 §71; 1999 c.314 §63; repealed by…
- 307.561 · Home start lands; rules
- 307.580 · Property of industry apprenticeship or training trust;…
- 307.590 · Definitions for ORS 307.590 to 307.596; new accessory…
- 307.592 · Application process
- 307.594 · Approval or rejection of application; appeals; notice to…
- 307.596 · Assessment upon expiration or termination of exemption;…
- 307.600 · Legislative findings
- 307.603 · Definitions for ORS 307.600 to 307.637
- 307.605 · [1975 c.428 §1; 1979 c.425 §1; 1989 c.1051 §1; 1995 c.596 §2;…
- 307.606 · Exemption limited to tax levy of city or county that adopts…
- 307.609 · Applicability of ORS 307.600 to 307.637 in cities and certain…
- 307.610 · [1975 c.428 §3; 1979 c.425 §2; 1983 c.493 §1; 1989 c.1051 §2;…
- 307.612 · Duration of exemption; inclusions and exclusions
- 307.615 · City or county to provide application forms; contents of…
- 307.618 · City or county findings required for approval
- 307.620 · [1975 c.428 §4; 1989 c.1051 §3; 1995 c.596 §4; 1999 c.808 §4;…
- 307.621 · Approval or denial of applications; application fees
- 307.624 · Termination of exemption for failure to complete construction…
- 307.627 · Termination of exemption; additional taxes
- 307.630 · [1975 c.428 §5; 1979 c.425 §3; 1989 c.1051 §3a; 1991 c.459…
- 307.631 · Review of denial of application or termination of exemption;…
- 307.634 · Extension of deadline for completion of construction,…
- 307.637 · Deadlines for actions required for exemption
- 307.640 · [1975 c.428 §6; 1991 c.459 §74; 1995 c.596 §6; 1997 c.541…
- 307.650 · [1975 c.428 §7; 1995 c.278 §37; 1995 c.596 §7; 1999 c.808 §6;…
- 307.651 · Definitions for ORS 307.651 to 307.687
- 307.654 · Legislative findings