(at the request of Senate Interim Committee on Finance and Revenue)
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Bill Title:
Proposing revision of Oregon Constitution relating to ad valorem property taxation; and requiring approval by a two-thirds majority.
Catchline/Summary:
Proposes revision of Oregon Constitution relating to ad valorem property taxation. Proposes revision of Oregon Constitution relating to ad valorem property taxation. Requires Legislative Assembly to provide by law for continuation of local option tax levies. Lowers maximum allowable taxes to $3.33 per $1,000 of real market value for public school system and $6.67 per $1,000 of real market value for government operations other than public school system.
Applies to tax years beginning on or after July 1, 2012.
Refers proposed revision to people for their approval or rejection at next primary 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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SJR 9 Senate Committee On Finance and Revenue
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