Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Oregon |
| Effected Jurisdiction: | Multnomah County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2021 |
| Program name: | New Housing Homebuyer Opportunity Limited Tax Exemptions |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | ORS 307.123 |
| Abating jurisdiction(s): | Other governments |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | The County’s SIP policy contains a repayment clause which states that in the event of noncompliance, repayment of abated taxes (i.e. penalties) must be equal to or greater than the savings the company would realize by not meeting the requirement. In the event of noncompliance, specific terms for repayment would be negotiated for each standard and condition and included in the SIP contract. |
| Gross revenue loss: | $841,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $841,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
