PUBLIC HEARING AND WORK SESSION: SB 222, SB 226

 

INFORMATIONAL MEETING

 

TAPES 19-20, A-B

 

SENATE REVENUE COMMITTEE

FEBRUARY 4, 2003†† 1:00 PM†† STATE CAPITOL BUILDING

 

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

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

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

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

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

 

Members Excused:††††††††† ††††††††††† Senator Lenn Hannon

 

Witness Present:††††††††††† ††††††††††† John Phillips, Department of Revenue

††††††††††††††††††††††† ††††††††††† ††††††††††† Craig Fisher, Department of Revenue

 

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

††††††††††††††††††††††† ††††††††††† ††††††††††† Mazen Malik, Legislative Revenue Office

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

 

TAPE 17, SIDE A

 

003

Chair Deckert

Calls meeting to order at 1:14 pm.

 

OPENS PUBLIC HEARING ON SB 222

 

008

Mazen Malik

Explains SB 222 which relates to clarifying the evaluation methods for property tax.Exhibit 1. States that there is no fiscal or revenue impact. Exhibits 2-3.

 

 

 

021

John Phillips

Testifies in support of SB 222 because it fixes overlooked issues in exception value from Measure 50. Exhibit 4.

 

040

Sen. Corcoran

Asks if there is a revenue impact.

 

 

 

042

Phillips

Responds negatively.

 

CLOSES PUBLIC HEARING ON SB 222

 

OPENS WORK SESSION ON SB 222

†††††††††††††††

060

Sen. Corcoran

MOTION: MOVES SB 222 TO THE SENATE FLOOR WITH A DO PASS RECOMMENDATION.

 

 

 

062

Sen. Deckert

ORDER: HEARING NO OBJECTION, MOTION PASSES: 4-0-2. SENATORS ANSWERING AYE: CORCORAN, FERRIOLI, STARR, DECKERT. SENATORS EXCUSED: HANNON, RINGO.

Sen. Corcoran will carry the bill on the Senate Floor.

Hearing no objection, places bill on consent calendar.

 

 

 

 

CLOSES WORK SESSION ON SB 222

 

OPENS PUBLIC HEARING ON SB 226

†††††††††††††††

066

Malik

Explains SB 226 which relates to timing in county assessment fund transfers. Exhibit 5. States that there is no fiscal impact and minimal revenue impact. Exhibits 6-7.

 

 

 

088

Phillips

Testifies in support of SB 226 because it gives the Department of Revenue more time in dispersing funds that are deposited. Exhibit 8.

 

CLOSES PUBLIC HEARING ON SB 226

 

OPENS WORK SESSION ON SB 226

†††††††††††††††

110

Sen. Corcoran

MOTION: MOVES SB 226 TO THE SENATE FLOOR WITH A DO PASS RECOMMENDATION.

 

 

 

113

Sen. Deckert

ORDER: HEARING NO OBJECTION, MOTION PASSES 5-0-1. SENATORS ANSWERING AYE: CORCORAN, FERRIOLI, STARR, RINGO, DECKERT. SENATOR EXCUSED: HANNON.

Sen. Ringo will carry the bill on the Senate Floor.

Hearing no objection, places bill on consent calendar.

 

 

 

126

Paul Warner

Introduces article from Governing Magazine and points out statement that Oregonís tax expenditure report if one of the best in the nation. Exhibit 11.

 

 

 

151

Craig Fisher

Outlines presentation on the 2003-05 tax expenditure report. Exhibit 10.

 

 

 

173

Fisher

Discusses Budget Accountability Act of 1995.

 

 

 

188

Fisher

Defines tax expenditure.

 

 

 

203

Fisher

Discusses Oregonís tax expenditures by tax program.

 

 

 

245

Fisher

Discusses income tax expenditures relative to receipts in 2001-03.

 

 

 

291

Fisher

Discusses information required for each tax expenditure.

 

 

 

327

Fisher

Discusses tax expenditures by budget program in 2001-03.

 

 

 

378

Fisher

Discusses evaluation process for tax expenditure reports.

 

 

 

 

TAPE 20, SIDE A

 

001

Fisher

Discusses tax expenditures scheduled for sunset in 2003-05.

 

 

 

011

Fisher

Discusses revenue estimating issues.

 

 

 

044

Fisher

Summarizes presentation and gives advice on how to use the report.

 

Clarifying questions and answers follow.

 

 

 

105

Sen. Ringo

Asks question about Expenditure 1.057 regarding capital gains gift exemptions.

 

Discussion follows.

 

 

 

140

Sen. Corcoran

Asks about Expenditure 1.083 regarding exemptions on second home mortgages.

 

Discussion follows.

 

 

 

240

Sen. Corcoran

Asks about Expenditure 2.077 regarding the pleasure boat property tax exemption.

 

Discussion follows.

 

 

 

272

Sen. Corcoran

Asks about Expenditure 1.056 regarding capital gains of inherited property.

 

Discussion follows.

 

 

 

332

Sen. Corcoran

Asks about Expenditure 1.094 regarding multi-period timber growing costs deductions.

 

Discussion follows.

 

 

 

456

Sen. Deckert

Adjourns meeting at 2:09 pm.

 

 

 

 

Tape Log Submitted by,

 

 

 

 

Tara Lantz, Committee Assistant Reviewed by Kim Taylor James

 

Exhibit Summary:

1.      SB 222, Mazen Malik, Staff Measure Summary, 3pp.

2.      SB 222, Mazen Malik, Revenue Impact Statement, 1p.

3.      SB 222, Mazen Malik, Fiscal Impact Statement, 1p.

4.      SB 222, John Phillips, Written Testimony, 2pp.

5.      SB 226, Mazen Malik, Staff Measure Summary, 1p.

6.      SB 226, Mazen Malik, Revenue Impact Statement, 1p.

7.      SB 226, Mazen Malik, Fiscal Impact Statement, 1p.

8.      SB 226, John Phillips, Written Testimony, 1p.

9.      Paul Warner, Governing Magazine Evaluation of Oregon Tax System, 2pp.

10.  Craig Fisher, State of Oregon 2003-05 Tax Expenditure Report, 389pp.