Monday, March 19, 2012

Important City of Portland Legislative Alert For Apartment Investors

The City of Portland's proposed budget includes a proposed change to the business license exemption. 

The exemption would be changed from "less than 10 units" to "less than $50,000 gross annually."
 
Every rental owner will have to file for a business license as a rental owner and can re-apply annually for an exemption if they gross under the $50,000 minimum.  According to the Rental Housing Authority of Greater Portland, exemption requests do not apply to LLCs.

The city budget is adopted sometime in May, 2012. 

Please email your comments before May to:

Dan Saltzman
City Commissioner
dan@portlandoregon.gov
 
and to:

Commissioner Nick Fish
nick@portlandoregon.gov
 
The Commissioners' staff prefer email responses, but if you cannot email you are welcome to call, write or fax:
Nick Fish, (503) 823-3589
Commissioner
1221 S.W. 4th, Room 240
Portland OR 97204
F: (503) 823-3596

Dan Saltzman, (503) 823-4151
Commissioner
1221 SW 4th Ave
Room 230
Portland, OR 97204
F: (503) 823-3036