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2015 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Proposing amendment to Oregon Constitution relating to state finance.
Catchline/Summary: 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.
Chapter Number:
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
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events