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BILL
INTRODUCTION: LC 3764 WORK
SESSION: HB 2182 |
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TAPE 225-226,
A |
JULY 25,
2003 1:00 PM STATE CAPITOL BUILDING
Members Present: Representative Lane Shetterly, Chair
Representative
Wayne Scott, Vice Chair
Representative
Joanne Verger, Vice Chair
Representative
Phil Barnhart
Representative
Vicki Berger
Representative
Pat Farr
Representative
Mark Hass
Representative
Elaine Hopson
Representative
Max Williams
Staff Present: Paul
Warner, Legislative Revenue Officer
Mazen
Malik, Legislative Revenue Office
Richard
Yates, Legislative Revenue Office
Kathy
Tooley, Committee Assistant
TAPE 225, SIDE A
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004 |
Chair Shetterly |
Calls meeting to order at 1:30 p.m. |
BILL INTRODUCTION OF LC 3764
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031 |
Chair Shetterly |
MOTION: MOVES INTRODUCTION, AS COMMITTEE BILL, OF LC 3764 (Exhibit 1)
RELATING TO FEES. Provided letter of explanation from Legislative Counsel (Exhibit 2). |
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035 |
Chair Shetterly |
HEARING NO OBJECTION, MOTION PASSES. |
OPENS WORK SESSION ON HB
2182
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038 |
Paul Warner |
Provides description the House Revenue Plan (Exhibit 3). |
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100 |
Warner |
Discusses the corporate minimum tax element. |
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122 |
Warner |
Explains the property tax discount component. |
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132 |
Warner |
Discusses the consumption tax element. |
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141 |
Warner |
Discusses the Education Stability fund and lottery discretionary revenue
components. |
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158 |
Warner |
Discusses other funds including the Cultural Trust and the medical
provider charge. |
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176 |
Chair Shetterly |
Asks about bonds. |
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177 |
Warner |
Responds that bonds are yet to be determined. |
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180 |
Warner |
Provides reasoning for the higher figure. Emphasizes that the fiscal office
is lowering some of estimates in the fund shift group so the bottom line
number will be going down. |
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204 |
Warner |
Describes “Components of HB 2182 and -3 Amendment” (Exhibit 4). Describes the HB 2182-3 amendments (Exhibit
5). |
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250 |
Warner |
Gives explanation of the medical deduction phase in as described in
page 5, section 4. |
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260 |
Warner |
Describes the federal tax subtraction elements. |
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288 |
Warner |
Discusses the personal exemption credit elements. |
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320 |
Richard Yates |
Explains the depreciation treatment for SUV’s. |
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370 |
Chair Shetterly |
Asks if the revenue impact is higher than the original bill because
of the additional year and the changes at the federal level. |
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375 |
Yates |
Responds affirmatively. |
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381 |
Warner |
Discusses the reduction in corporate income tax credits. |
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400 |
Warner |
Discusses the corporate minimum tax elements. |
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422 |
Warner |
Discusses property tax discount rate reduction component. |
TAPE 226, SIDE A
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018 |
Rep. Williams |
Asks about the assumption that new lottery revenues will be coming
from the expansion of video gaming. |
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027 |
Warner |
Responds that in HB 3642, 90% of the revenue flowing into the
stability fund was directed to state school fund and that any revenue
exceeding lottery projections will go into the state school fund. |
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035 |
Rep. Williams |
Asks if the estimates that assume an increase in lottery revenues
come from the lottery commission? |
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037 |
Warner |
Responds that $108 million is the current estimate and that the other
$23 million is a result of a higher lottery total that is not specified in
statute. States that the estimate is based on a change in policy at Lottery. |
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054 |
Rep. Williams |
Clarifies that the revenues resulting from the policy change would go
to the state school fund. |
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063 |
Rep. Hass |
Asks to what extent the amendments would reduce the temporary income
tax in Multnomah County. |
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065 |
Warner |
Responds that Multnomah County is about 22% of the total personal
income liability and that their decision depends on the state school fund. |
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070 |
Chair Shetterly |
States that the offset is not identified specifically in the measure
and it is up to the county commissioners. |
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084 |
Warner |
Points out that these are all estimates and they would need to see
the final product before they make their decision. |
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080 |
Rep. Scott |
Asks if section 22-28 apply to an LC. |
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092 |
Warner |
Responds that he doesn’t know, but will check. |
CLOSES WORK SESSION ON HB
2182
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100 |
Chair Shetterly |
Meeting adjourned at 2:10 p.m. |
Tape Log Submitted by,
Kathy Tooley, Committee
Assistant
Exhibit Summary:
1.
Chair
Shetterly, LC 3764, 14pp.
2.
Ted
Reutlinger, Letter from Legislative Counsel, 1p.
3.
Paul
Warner, House Revenue Plan, 1p.
4.
Paul
Warner, Major Components of HB 2182 and -3 Amendment, 3pp.
5.
Paul
Warner, Proposed HB 2182-3 Amendments, 23pp.