Oregon HB4130 modifies the definition of "farm use" and special assessment criteria for farmland.

Oregon HB4130 amends the definition of "farm use" to include land used for processing farm crops into biofuel under specific conditions. It also modifies the criteria for special assessment of farmland, requiring applications to include information demonstrating compliance with the definition of a processing facility. The bill specifies that the amendments apply to property tax years beginning on or after July 1, 2027.

Oregon HB4130 modifies the definition of "farm use" and special assessment criteria for farmland.

Oregon HB4130 amends the definition of "farm use" to include land used for processing farm crops into biofuel under specific conditions. It also modifies the criteria for special assessment of farmland, requiring applications to include information demonstrating compliance with the definition of a processing facility. The bill specifies that the amendments apply to property tax years beginning on or after July 1, 2027.