Termination if property held for future development or other purpose
- • additional taxes
An exemption granted under ORS 307.515 (Definitions for ORS 307.515 to 307.523) to 307.523 (Time for filing application) shall be immediately terminated and additional taxes imposed as provided in ORS 307.531 (Termination of exemption without notice) if the exempt property:
(1) Is being held for future development of low income rental housing; and
(2) Is used for any purpose other than the provision of low income rental housing. [1997 c.752 §10]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.