Proposing amendment to Oregon Constitution relating to use of excess revenue.
Catchline/Summary:
Proposes amendment to Oregon Constitution that establishes Personal Investment in Education Fund in State Treasury, and directs that moneys determined to be excess revenues under excess revenue "kicker" process be deposited in fund rather than refunded to personal income taxpayers. Proposes amendment to Oregon Constitution that establishes Personal Investment in Education Fund in State Treasury, and directs that moneys determined to be excess revenues under excess revenue "kicker" process be deposited in fund rather than refunded to personal income taxpayers. Dedicates fund moneys to kindergarten through grade 12 education. Establishes three-fifths majority vote in each house of Legislative Assembly in order to appropriate moneys in fund.
Refers proposed amendment to people for their approval or rejection at special election held on same date as 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 47 Senate Committee On Rules
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