{"data":{"id":"us-or/ors-308.701","jurisdiction":"us-or","citation":"ORS 308.701","heading":"Definitions for ORS 308.701 to 308.724.","body":"As used in ORS 308.701 to 308.724:\n      (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:\n      (a) A low income housing tax credit under section 42 of the Internal Revenue Code;\n      (b) Financing derived from exempt facility bonds for qualified residential rental projects under section 142 of the Internal Revenue Code;\n      (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;\n      (d) A government rent subsidy; and\n      (e) A government guaranteed loan.\n      (2) “Multiunit rental housing”:\n      (a) Means residential property consisting of four or more dwelling units; and\n      (b) Does not include assisted living facilities.","path":["08 - Revenue and Taxation","29. Revenue and Taxation","Chapter 308 — Assessment of Property for Taxation"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors308.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"a9d9db2d24b58afc4c9ae4ef6ed6f80a1a63eeef654521300e793eb7b915ac5f","source_id":"us-or","stale":false,"prev":"us-or/ors-308.700","next":"us-or/ors-308.704"},"notice":"GroundRules: Original legal text. Not legal advice."}