Bill > SB99

This bill extends the sunset date for property tax incentive benefit programs related to brownfields (previously contaminated or environmentally impaired properties) from January 2, 2027 to January 2, 2033. Brownfields are typically industrial or commercial sites that are difficult to redevelop due to potential environmental contamination. The bill ensures that any properties that have already been granted a tax incentive benefit under the existing program will continue to receive those benefits for the originally approved period, even after the sunset date is extended. The bill will take effect on the 91st day following the adjournment of the 2025 regular legislative session, providing a clear timeline for the extension of these property tax incentives designed to encourage environmental remediation and economic redevelopment of impaired properties.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB99