2017 Regular Session
|At the request of:|
|Chief Sponsors:||Senator Riley|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Proposing revision of Oregon Constitution relating to taxation; and requiring approval by a two-thirds majority.|
Proposes revision of Oregon Constitution directing Legislative Assembly to adopt sales tax on purchase price of tangible personal property and services and use tax on purchase price of tangible personal property.
Requires exemption from taxes for necessities. Preempts local sales and use taxes not approved on or before November 6, 2018. Exempts all owner-occupied primary residences from all property taxation. Provides sales and use taxes shall be set at rate determined by Legislative Revenue Officer to be necessary to replace revenue formerly collected on residential property granted exemption from property taxation and to pay ongoing administrative costs of sales and use taxes. Refers proposed revision to people for their approval or rejection at next primary 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 Senate Committee|
|Current Committee:||Senate Committee On Finance and Revenue|