2019 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Proposing amendment to Oregon Constitution relating to ad valorem property taxation of certain business property.|
Proposes amendment to Oregon Constitution providing that, for purposes of ad valorem property taxation, notwithstanding assessment provisions of Ballot Measure 50 (1997) and collection limit provisions of Ballot Measure 5 (1990), property classified as commercial or industrial shall be assessed at real market value and taxes on such property collected without compression.
Requires Legislative Assembly to enact legislation necessary to implement proposed amendment. 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|