Bill > HB2075

This bill extends the sunset date for property tax incentive benefit programs related to brownfields from January 2, 2027, to January 2, 2033. A brownfield is a property where previous industrial or commercial activity has potentially contaminated the land, making it challenging to redevelop. The bill ensures that any property that has already been granted a tax incentive program benefit under the original 2016 legislation will continue to receive those benefits for the originally approved period, even after the new sunset date. The bill will take effect on the 91st day after the 2025 regular session of the Oregon Legislative Assembly adjourns sine die (a legal term meaning the session ends without setting a day to reconvene). By extending these tax incentives, the bill aims to continue encouraging the cleanup and redevelopment of potentially contaminated industrial sites, which can help revitalize communities and promote environmental remediation.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2075