Oregon § 308.701 Definitions for ORS 308.701 to 308.724

Oregon Statutes

§ 308.701 — Definitions for ORS 308.701 to 308.724

Oregon § 308.701

Vol.8

Title 29Revenue and Taxation

Ch. 308Assessment of Property for Taxation

This text of Oregon § 308.701 (Definitions for ORS 308.701 to 308.724) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 308.701 (2026).

Text

As used in ORS 308.701 to 308.724:

(1)“Government restriction on use” means a restriction that limits the use of multiunit rental housing to qualified income rental housing in order to receive a government incentive, including but not limited to the following government incentives:

(a)A low income housing tax credit under section 42 of the Internal Revenue Code;

(b)Financing derived from exempt facility bonds for qualified residential rental projects under section 142 of the Internal Revenue Code;

(c)A low interest loan under section 235 or 236 of the National Housing Act (12 U.S.C. 1715z or 1715z-1) or under 42 U.S.C. 1485;

(d)A government rent subsidy; and

(e)A government guaranteed loan.

(2)“Multiunit rental housing”:

(a)Means residential property consisting of four or more dwel

Free access — add to your briefcase to read the full text and ask questions with AI

As used in ORS 308.701 to 308.724:
(1) “Government restriction on use” means a restriction that limits the use of multiunit rental housing to qualified income rental housing in order to receive a government incentive, including but not limited to the following government incentives:
(a) A low income housing tax credit under section 42 of the Internal Revenue Code;
(b) Financing derived from exempt facility bonds for qualified residential rental projects under section 142 of the Internal Revenue Code;
(c) A low interest loan under section 235 or 236 of the National Housing Act (12 U.S.C. 1715z or 1715z-1) or under 42 U.S.C. 1485;
(d) A government rent subsidy; and
(e) A government guaranteed loan.
(2) “Multiunit rental housing”:
(a) Means residential property consisting of four or more dwelling units; and
(b) Does not include assisted living facilities.