HOUSE SPECIAL SESSION COMMITTEE ON BUDGET RESTORATION

 

5th Special Session

 

 

September 15, 2002   Hearing Room 343

11:30 PM           Tape 28

 

MEMBERS PRESENT:            Rep. Ben Westlund, Chair

                                                Rep. Alan Bates

Rep. Richard Devlin

Rep. Cedric Hayden

Rep. Betsy Johnson

Rep. Susan Morgan

 

STAFF:                                   Paul Warner, Administrator

                                                Lizbeth Martin-Mahar, Legislative Revenue Office

                                                Adrienne Sexton, Legislative Fiscal Office

                                                Jan McComb, Assistant

 

MEASURES HEARD:                     HB 4075 – Public Hearing and Work Session

                                                HB 4077 – Public Hearing and Work Session

 

 

These minutes are in compliance with Senate and House Rules.  Only text enclosed in quotation marks reports a speaker’s exact words.  For complete contents, please refer to the tapes.

 

TAPE/#

Speaker

Comments

TAPE 28, Tape, A

003

Chair Westlund

Calls the meeting to order at 11:40 p.m. and opens a public hearing on    HB 4077.

HB 4077 PUBLIC HEARING

008

Chair Westlund

Closes the public hearing and opens a work session on HB 4077.

HB 4077 WORK SESSION

010

Paul Warner

Reviews HB 4077 and explains that recent changes in federal law is what is driving the change, (EXHIBIT A). States that this will reduce revenue to the state and will connect the state with federal changes.

060

Rep. Shetterly

States that the House Revenue Committee has examined this, in conjunction with the Oregon State Bar and Department. of Revenue.

078

Rep. Shetterly

MOTION: Moves HB 4077 to the floor with a DO PASS recommendation.

081

Chair Westlund

Hearing no objection, declares the motion CARRIED.

082

Chair Westlund

REP. SHETTERLY will lead discussion on the floor.

086

Chair Westlund

Closes the work session on HB 4077 and opens a public hearing on  HB 4075. Explains the elections bill.

HB 4075 PUBLIC HEARING

087

Andrienne Sexton

LFO. Explains the HB 4075-5 amendments, (EXHIBIT B).

109

Ellen Lowe

Ecumenical Ministries of Oregon. Asks if the total income level is taxable income or adjusted gross income. Explains that there may be a significant difference between the two for large families.

123

Warner

Clarifies that it is adjusted gross income.

158

Rep. Shetterly

MOTION: Moves to CONCEPTUALLY AMEND HB 4075 line four, page three delete “total income level” and replace it with “adjusted gross income.”

172

Chair Westlund

Hearing no objection, declares the motion CARRIES.

166

Sexton

Clarifies this is HB 4075-5 amendments.

172

Rep. Shetterly

MOTION: Moves HB 4075-5 AS CONCEPTUALLY AMENDED

177

Chair Westlund

Hearing no objection, declares the motion CARRIES.

178

Rep. Shetterly

MOTION: Moves HB 4075 AS AMENDED to the floor with a DO PASS recommendation.

 

 

6-1

AYE: 6 - Bates, Devlin, Johnson, Morgan, Shetterly, Westlund

NAY: 1 - Hayden

188

Chair Westlund

States for the record that Representatives Bates and Johnson are courtesy votes.

194

Chair Westlund

The motion CARRIES.

196

Chair Westlund

REP. MORGAN will lead discussion on the floor.

202

Chair Westlund

Closes the work session on HB 4075 and adjourns meeting at 11:55 p.m.

 

 

Transcribed By,                        Reviewed By,

 

 

 

Annastasia Suess,                        Marjorie Taylor,            

Committee Assistant                         Administrator

 

 

EXHIBIT SUMMARY

 

A . Current Law and Recent Changes in Federal Estate Tax Law handout, staff, 1 p

B.  HB 4075-5 amendments dated 9/15/02, staff, 6 pp.