2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|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. Transfers excess personal income tax revenues to fund. Suspends transfer to fund if amount in fund equals at least 15 percent of amount of General Fund revenues collected during prior biennium. Returns excess personal income tax revenues to personal income taxpayers if transfer to fund is suspended. 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|