Agenda Packet 2-19-19 Public Hearing

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Ordinance - Page 2 of 5 Value of improvement. The total value of the improvement as determined in the process of issuance of the building permit. 3.732 Construction Excise Tax – Tax Imposed. (1) Each person who applies to construct a commercial improvement in the city shall pay a commercial construction excise tax in the following amounts: (a) From July 1, 2019 through June 30, 2020: 0.33 percent of the value of the improvement. (b) From July 1, 2020 through June 30, 2021: 0.50 percent of the value of the improvement. (c) Beginning July 1, 2021: 1 percent of the value of the improvement. (2) Each person who applies to construct a residential improvement in the city shall pay a residential construction excise tax in the following amounts: (a) From July 1, 2019 through June 30, 2020: 0.33 percent of the value of the improvement. (b) From July 1, 2020 through June 30, 2021: 0.50 percent of the value of the improvement. (c) Beginning July 1, 2021: 1 percent of the value of the improvement. (3) The total construction excise tax imposed by subsection (1) and (2) of this section shall not exceed $1,000,000 for any single or multi-phased development project. (4) The construction excise tax shall be due and payable prior to the issuance of any building permit. 3.734 Construction Excise Tax - Exemptions. (1) The construction excise tax shall not apply to any of the following improvements: (a) Private school improvements; (b) Public improvements as defined in ORS 279A.010; (c) Residential housing that is guaranteed to be affordable, under guidelines established by the United States Department of Housing and Urban Development, to households that earn no more than 80 percent of the median household income for the city of Eugene, for a period of at least 60 years following the date of construction of the residential housing; (d) Public or private hospital improvements; (e) Improvements to religious facilities primarily used for worship or education associated with worship; (f) Agricultural buildings, as defined in ORS 455.315(2)(a); (g) Facilities that are operated by a not-for-profit corporation and that are: 1.Long term care facilities, as defined in ORS 442.015; 2.Residential care facilities, as defined in ORS 443.400; or 3.Continuing care retirement communities, as defined in ORS 101.020. (h) Residential dwellings sold for $250,000 or less; (i) Housing for low-income persons that is exempt from systems development charges pursuant to section 7.725(c) of this code; and, (j) Projects granted a multi-unit property tax exemption (MUPTE) by the city. February 19, 2019, Public Hearing - Item 3