Relating to revenue estimates; declaring an emergency; providing for revenue estimate modification that requires approval by a two-thirds majority.
Catchline/Summary:
Increases amount of estimate of revenues that will be received from personal income taxes for biennium beginning July 1, 2021. Increases amount of estimate of revenues that will be received from personal income taxes for biennium beginning July 1, 2021. Requires distribution of difference between amount actually collected and amount estimated after close of 2023 regular session to Oregon Drought Reserve Fund. Establishes Oregon Drought Reserve Fund. Provides for return to taxpayers of surplus revenue over adjusted estimate amount if constitutional threshold exceeded.
Declares emergency, effective on passage.
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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HB 3469 House Committee On Revenue
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