HB 3468

  • Oregon House Bill
  • 2023 Regular Session
  • Introduced in House Feb 28, 2023
  • House
  • Senate
  • Governor

Relating to directing surplus revenues to drought reserve funding; prescribing an effective date.

Abstract

Provides for portion of surplus revenue refunds to be directed to Oregon Drought Reserve Fund instead of returned to personal income taxpayers. Establishes Oregon Drought Reserve Fund. Maintains amounts of surplus returned to taxpayers with lower incomes based on taxpayer share of prior year tax liability and phases out amount returned to taxpayers with higher incomes. Modifies statutory provisions. Applies to biennia ending on or after June 30, 2025. Takes effect only if House Joint Resolution 23 (2023) is approved by people at next regular general election. Takes effect on effective date of constitutional amendment proposed in House Joint Resolution 23 (2023).

Bill Sponsors (1)

Votes


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Actions


Jun 25, 2023

House

In committee upon adjournment.

Mar 03, 2023

House

Referred to Agriculture, Land Use, Natural Resources, and Water with subsequent referral to Revenue.

Feb 28, 2023

House

First reading. Referred to Speaker's desk.

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

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Sources

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