2013 Regular Session
|At the request of:|
|Bill Title:||Relating to funding of educational grants; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.|
|Catchline/Summary:||Increases taxes on malt beverages, wine and cider.
Applies to beverages sold or distributed on or after January 1, 2014. Requires distributor cooperatives, and distributors and importers that do not participate in distributor cooperatives, to remit to Department of Revenue amount equal to one-half of total refund value of beverage containers sold, less amount actually refunded to dealers each quarter. Requires that distributor cooperatives, and distributors and importers that do not participate in distributor cooperatives, keep certain records and make reports to department. Requires that distributor cooperatives, and distributors and importers that do not participate in distributor cooperatives, make certain records available to department. Provides civil penalties for failure to keep accurate records or provide reports. Directs that all moneys received be deposited into Oregon Student Assistance Fund for purpose of funding Oregon Opportunity Grant program. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|