|
|
ORIENTATION
MEETING BILL INTRODUCTION LC 931 |
|
|
TAPE 5-6, A-B TAPE 7 A |
JANUARY 20,
2003 8:30 PM STATE CAPITOL BUILDING
Members Present: Representative Lane Shetterly, Chair
Representative
Joanne Verger, Vice Chair
Representative
Phil Barnhart
Representative
Vicki Berger
Representative
Pat Farr
Representative
Mark Hass
Representative
Elaine Hopson
Representative
Max Williams
Members Excused: Representative Wayne Scott, Vice
Chair
Witnesses Debra
Buchanon, Agency Legislative Coordinator, Department of Revenue
Staff Present: Paul
Warner, Legislative Revenue Officer
Lizbeth
Mahar, Legislative Revenue Office
Kathy
Tooley, Committee Assistant
TAPE 5, SIDE A
|
005 |
Chair Lane Shetterly |
Calls meeting to order at 8:30 a.m. Meeting to orient committee on tax system
and bill introduction. |
|
030 040 080 111 113 245 264 |
Lizbeth Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar |
Presented slide show on “Oregon
Income Tax” (Page 1, Slide 1, Exhibit 1). Continued with presentation,
beginning with “Oregon Income and Property Taxes”,.(Page 1, Slide 2, Exhibit
1). Continued with presentation,
beginning with “General Fund Revenues”, (Page 1, Slide 3, Exhibit 1). Continued with presentation,
beginning with “Oregon Income Taxes Personal Income Tax (Page 2, Slide 4, Exhibit
1). Continued with presentation,
beginning with “Oregon Personal Income Tax” (Page 2, Slide 5, Exhibit 1). Discussion interspersed. Continued with presentation,
beginning with “Top Five or Subtractions – Tax Year 2000: Total Full-Year Subtractions = $5.1
million” (Page 2, Slide 6, Exhibit 1). Discussion interspersed. Continued with presentation, beginning
with “Top Five Federal Itemized Deductions – Tax Year 2000, Total Full Year
Deductions=$9.1 billion” (Page 3, Slide 7, Exhibit 1). Discussion interspersed. |
|
318 342 374 |
Martin-Mahar Martin-Mahar Martin-Mahar |
Continued with presentation,
beginning with “Number of Standardized and Itemized Full-Year Returns
(thousands) and Percent of Returns Tax Year 1990-2000”, (Page 3, Slide 8, Exhibit
1). Continued with presentation “Oregon
Personal Income Tax” (Page 3, Slide 9, Exhibit 1). Continued with presentation,
beginning “2002 Personal Income Tax Rate”, (Page 4, Slide 10, Exhibit 1). Discussion interspersed. |
TAPE 6, SIDE A
|
001 |
Martin-Mahar |
Continued with presentation,
beginning “Top Five OR Credits, Tax Year 2000, Total Full-Year Credits = $423
million”, (Page 4, Slide 11, Exhibit 1). Discussion interspersed. |
|
060 077 |
Martin-Mahar Martin-Mahar |
Continued with presentation,
beginning “Income Tax Credits”, (Page 4, Slide 12, Exhibit 1). Continued with presentation,
beginning “Income Tax Rate and Credit Rate by Income”, (Page 5, Slide 13, Exhibit
1). Questions and discussion
interspersed. |
|
124 |
Martin-Mahar |
Continued with presentation,
beginning “Distribution of Tax Returns” (Page 5, Slide 14, Exhibit 1). Question and discussion interspersed. |
|
160 |
Martin-Mahar |
Continued with presentation,
beginning “Components of AGI 1990 $35 billion”, (Page 5, Slide 15, Exhibit 1). |
|
194 |
Martin-Mahar |
Continued with presentation,
beginning “Components of AGI 2000: $66 billion” (Page 6, Slide 16, Exhibit 1). Question and discussion
interspersed. |
|
240 |
Martin-Mahar |
Continued with presentation,
beginning “Change in Major Components of AGI Tax Year 2000 and 2001”. (Page 6, Slide 17, Exhibit 1). Questions and discussion
interspersed. |
|
345 |
Martin-Mahar |
Continued with presentation,
beginning “Distribution of AGI Components, 1990 AGI $35 billion”, (Page 6,
Slide 18, Exhibit 1). |
|
410 |
Martin-Mahar |
Continued with presentation,
beginning “Distribution of AGI Components, 2000 AGI $66 billion”, (Page 7,
Slide 19, Exhibit 1). |
|
476 |
Martin-Mahar |
Continued with presentation,
beginning “Average AGI, 2000 AGI: $43,615, 1990 Average AGI $26,610”, (Page
7, Slide 20, Exhibit 1). Questions and discussion
interspersed. |
TAPE 5, SIDE B
|
120 |
Martin-Mahar |
Continued with presentation,
beginning “Average AGI by County – 2000”, (Page 7, Slide 21, Exhibit 1). |
|
164 205 235 272 286 496 |
Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar Martin-Mahar |
Continued with presentation, beginning
“Average Tax by County – 2000”, (Page 8, Slide 22, Exhibit 1). Question and discussion
interspersed. Continued with presentation,
beginning “Average Tax by County – 1990”, (Page 8, Slide 23, Exhibit 1). Continued with presentation,
beginning “Number of Tax Returns: Tax
Withheld, Estimated Payments and Refunds – 2000”, (Page 8, Slide 24, Exhibit
1). Continued with presentation,
beginning “Tax Withheld, Estimated Payments & Refunds – 2000”, (Page 9,
Slide 25, Exhibit 1). Continued with presentation,
beginning “Breakdown by Industry and Month of Tax Withholdings Index -
1998-2002”, (Page 9, Slide 26, Exhibit 1). Question and discussion
interspersed. Continued with presentation,
beginning “Industry Sectors With a Decline in Withholdings Between July 2001
and Nov. 2002”. (Page 10, Slide 28, Exhibit 1). Questions and discussion
interspersed. |
TAPE 6, SIDE B
|
083 105 139 |
Martin-Mahar Martin-Mahar Martin-Mahar |
Continued with presentation,
beginning “Part Year and Nonresident Taxpayers”, (Page 10, Slide 29, Exhibit
1). Continued with presentation as to
how taxes are calculated for part-Year residents and nonresidents, beginning
“Part Year and Nonresident Taxpayers”, (Page 10-11, Slides 30-32, Exhibit 1). Continued with presentation, beginning
with “Check off Donations”, (Page 11, Slide 33, Exhibit 1). Questions and discussion
interspersed. |
|
149 160 162 |
Chair Shetterly Debra Buchanon Max Williams |
The Chair recognized and inquired of
Debra Buchanon from the Department of Revenue, if a list of check-off
donations was printed on the tax form or in the instruction book for 2000? Affirmed that check-off donations
for 2000 were all on the tax form. Inquired how many check-off
donations are going to be on the current form? |
|
161 |
Debra Buchanon |
Stated that the charities on the
slide (Page 11, Slide 33, Exhibit 1) are on the form and there is a line to
select charities from those listed in the instruction book. |
|
181 |
Martin-Mahar |
Continued with presentation,
beginning “Surplus Kicker and Potential Changes in Federal and State Income
Tax Laws”, (Page 12, Slide 34, Exhibit 1). |
|
183 202 |
Martin-Mahar Martin-Mahar |
Continued with presentation,
beginning “2% Kicker”, (Page 12, Slide 35, Exhibit 1). Continued with presentation,
beginning “History of Surplus Kicker Refunds (1979/81 – 2001/03)”, (Page 12,
Exhibit 1). Question and discussion
interspersed. |
|
230 |
Martin-Mahar |
Continued with presentation,
beginning “Measure 28”, (Page 13, Slide 37, Exhibit 1). Question and discussion interspersed. |
|
310 370 |
Martin-Mahar Martin-Mahar |
Continued with presentation,
beginning “Bush’s Proposed Economic Recovery Plan”, (Page 13, Slide 38,
Exhibit 1). Continued with presentation,
beginning “Dividend Income and Number of Returns”, (Page 13, Slide 39,
Exhibit 1), referring back to Slide 38. Question and discussion
interspersed. |
TAPE 7, SIDE A
|
060 |
Shetterly |
Bill introduction of Draft LC 931,
the tax revisor’s bill from Legislative Counsel, working with the Department
of Revenue and Legislative Revenue Office.
This revisor’s bill is technical only. |
|
089 |
Williams |
MOTION: MOVES INTRODUCTION OF
LC 931. |
|
092 |
Shetterly |
ORDER: THERE BEING NO
OBJECTION SO ORDERS. 7-0-2 (Rep. Scott, Rep. Farr were not in the room. Chair Shetterly clarifies the bill is entered as a Committee Bill,
but does not indicate support or opposition by the Committee, but enters it
into the process. |
|
096 |
Chair Shetterly |
Meeting adjourned at 10:35 a.m. |
Tape Log Submitted by,
Kathy Tooley, Committee Assistant Reviewed
by Kim Taylor James
Exhibit Summary:
1.
Personal Income Taxes – 2003
Legislative Orientation, Exhibit 1, 13 pages
2.
Chair Shetterly, LC 931 Draft, 67
pages.