Proposing amendment to Oregon Constitution relating to costs of complying with citizen initiatives.
Catchline/Summary:
Proposes amendment to Oregon Constitution to require Legislative Assembly to enact general sales and use tax, if costs of compliance with voter-approved initiatives exceed threshold percentage of General Fund. Proposes amendment to Oregon Constitution to require Legislative Assembly to enact general sales and use tax, if costs of compliance with voter-approved initiatives exceed threshold percentage of General Fund. Permits Legislative Assembly to suspend mandatory sales and use tax enactment by supermajority vote, or by simple majority vote if sales and use tax revenues cease to be needed to comply with voter-approved initiative. Prohibits expenditures from General Fund if Legislative Assembly fails to enact general sales and use tax if enactment is required.
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
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HJR 40 House Committee On Revenue
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