I identified twenty one tax expenditures and I subdivided those between homeownership (6) and rental housing (15).
The sorted table I created is pasted below and shows that during the next biennium the total for housing related tax expenditures will reach $2.1 billion, an increase of $170 million/8.6%. [As a frame of reference, the new Tax Expenditure report says there are a total of 368 tax expenditure items that total to $24.95 billion in the 2019-2021 biennium].
Home ownership related tax expenditures in the next biennium:
- Are projected to account for 90% of all housing related tax expenditures and
- The home ownership increase of $153.3 million is 9+ times the projected increase of $16.5 million for rental housing.
Originally created and posted on the Oregon Housing Blog.
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