Proposing amendment to Oregon Constitution relating to establishment of land-value lease fee.
Catchline/Summary:
Proposes amendment to Oregon Constitution to establish land-value lease fee imposed on real market value of land with proceeds distributed pro rata to residents of state. Proposes amendment to Oregon Constitution to establish land-value lease fee imposed on real market value of land with proceeds distributed pro rata to residents of state. Establishes Resident's Dividend Agency to administer collection of fee and distribution of dividend. Applies to assessment years beginning on or after January 1, 2018.
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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SJR 15 Senate Committee On Finance and Revenue
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