ORIENTATION MEETING

 

TAPES 4-5, A-B

 

SENATE REVENUE COMMITTEE

JANUARY 22, 2003†† 1:00 PM†† STATE CAPITOL BUILDING

 

Members Present:††††††††††† ††††††††††† Senator Ryan Deckert, Chair

††††††††††††††††††††††† ††††††††††† ††††††††††† Senator Ted Ferrioli, Vice Chair

††††††††††††††††††††††† ††††††††††† ††††††††††† Senator Tony Corcoran

††††††††††††††††††††††† ††††††††††† ††††††††††† Senator Lenn Hannon

††††††††††††††††††††††† ††††††††††† ††††††††††† Senator Charlie Ringo

††††††††††††††††††††††† ††††††††††† ††††††††††† Senator Bruce Starr

 

Members Excused:††††††††† †††††††††††

†††††††††††††††††††††††

 

Staff Present:††† ††††††††††† ††††††††††† Paul Warner, Legislative Revenue Office

††††††††††††††††††††††† ††††††††††† ††††††††††† Lizbeth Martin-Mahar, Legislative Revenue Office

††††††††††††††††††††††† ††††††††††† ††††††††††† Tara Lantz, Committee Assistant

 

TAPE 4, SIDE A

004

Chair Deckert

Calls meeting to order at 1:01 pm.

 

 

006

Lizbeth Martin-Mahar

Gives overview of todayís presentation. Exhibit 1, slide 1.

 

 

 

014

Martin-Mahar

Gives brief history of Oregonís income and property taxes. Exhibit 1, slide 2.

 

Questions and answers interspersed.

 

 

 

129

Martin-Mahar

Compares general fund revenues in 1999-01 biennium to the 2001-03 biennium. Exhibit 1, slide 3.

 

Questions and answers interspersed.

 

 

 

160

Martin-Mahar

Gives brief overview of Oregonís personal income tax structure. Exhibit 1, slides 4-5.

 

Questions and answers interspersed.

 

 

 

279

Martin-Mahar

Discusses subtractions and deductions from personal income tax. Exhibit 1, slides 6-7.

 

Questions and answers interspersed.

 

 

 

387

Martin-Mahar

Discusses number of standard versus itemized returns. Exhibit 1, slide 8.

 

 

 

411

Martin-Mahar

Discusses personal income tax rates. Exhibit 1, slides 9-10.

 

Questions and answers interspersed.

 

TAPE 5, SIDE A

 

042

Martin-Mahar

Discusses personal income tax credits. Exhibit 1, slides 11-13.

 

Questions and answers interspersed.

 

 

 

126

Martin-Mahar

Compares distribution of tax returns in 1990 to 2000. Exhibit 1, slide 14.

 

 

 

146

Martin-Mahar

Compares adjusted gross income in 1990 to 2000. Exhibit 1, slides 15-16.

 

Questions and answers interspersed.

 

 

 

205

Martin-Mahar

Discusses major components of adjusted gross income and compares distribution of components in 1990 to 2000. Exhibit 1, slides 17-19.

 

Questions and answers interspersed.

 

 

 

343

Martin-Mahar

Discusses distribution of average adjusted gross income by year and county. Exhibit 1, slides 20-21.

 

Questions and answers interspersed.

 

 

 

421

Martin-Mahar

Compares average tax by county in 1990 to 2000. Exhibit 1, slides 22-23.

Questions and answers interspersed.

 

TAPE 4, SIDE B

 

114

Martin-Mahar

Discusses tax withheld, estimated payments, and refunds in 2000.Exhibit 1, slides 24-25.

 

 

 

158

Martin-Mahar

Discusses industry sectors and tax withholdings. Exhibit 1, slides 26-28.

 

 

 

207

Paul Warner

Adds to discussion of industry sectors.

 

Questions and answers interspersed.

 

 

 

296

Martin-Mahar

Discusses part year and nonresident taxpayers. Exhibit 1, slides 29-30.

 

 

 

356

Martin-Mahar

Discusses check-off donations. Exhibit 1, slide 33.

 

Questions and answers interspersed.

 

 

 

413

Martin-Mahar

Discusses surplus kicker. Exhibit 1, slides 34-36.

 

TAPE 5, SIDE B

 

039

Martin-Mahar

Discusses Measure 28. Exhibit 1, slide 37.

 

 

 

080

Martin-Mahar

Discusses Bushís proposed economic recovery plan and its effect on Oregon. Exhibit 1, slides 38-39.

 

Questions and answers interspersed.

 

 

 

233

Chair Deckert

Adjourns meeting at 2:40 pm.

 

Tape Log Submitted by,

 

 

 

Tara Lantz, Committee Assistant Reviewed by Kim Taylor James

 

Exhibit Summary:

1.      Martin-Mahar, Oregon Income Taxes, 18pp.