2015 Regular Session
|At the request of:|
|Bill Title:||Proposing amendment to Oregon Constitution relating to state finance.|
Proposes amendment to Oregon Constitution establishing Oregon Rainy Day Fund.
Sets conditions for appropriation of moneys in fund. Directs Department of Revenue to calculate average revenue received, over two immediately preceding periods each consisting of two consecutive tax years, from personal income and corporate excise taxpayers. Directs department to state amount received during current biennium and to transfer excess if any over calculated average to Oregon Rainy Day Fund. Applies to biennia beginning on or after July 1, 2017. Refers proposed amendment to people for their approval or rejection at next regular general election.
|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|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|