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PUBLIC HEARING AND WORK SESSION: SB 222, SB 226 |
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INFORMATIONAL MEETING |
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TAPES 19-20,
A-B |
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
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003 |
Chair Deckert |
Calls meeting to order at 1:14 pm. |
OPENS PUBLIC HEARING ON SB
222
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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. |
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021 |
John Phillips |
Testifies in support of SB 222
because it fixes overlooked issues in exception value from Measure 50. Exhibit
4. |
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040 |
Sen. Corcoran |
Asks if there is a revenue impact. |
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042 |
Phillips |
Responds negatively. |
CLOSES PUBLIC HEARING ON SB
222
OPENS WORK SESSION ON SB 222
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060 |
Sen. Corcoran |
MOTION: MOVES SB 222 TO THE SENATE
FLOOR WITH A DO PASS RECOMMENDATION. |
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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. |
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CLOSES WORK SESSION ON SB
222
OPENS PUBLIC HEARING ON SB
226
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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. |
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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
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110 |
Sen. Corcoran |
MOTION: MOVES SB 226 TO THE SENATE
FLOOR WITH A DO PASS RECOMMENDATION. |
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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. |
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126 |
Paul Warner |
Introduces article from Governing
Magazine and points out statement that Oregon’s tax expenditure report if one
of the best in the nation. Exhibit 11. |
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151 |
Craig Fisher |
Outlines presentation on the 2003-05
tax expenditure report. Exhibit 10. |
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173 |
Fisher |
Discusses Budget Accountability Act
of 1995. |
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188 |
Fisher |
Defines tax expenditure. |
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203 |
Fisher |
Discusses Oregon’s tax expenditures
by tax program. |
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245 |
Fisher |
Discusses income tax expenditures
relative to receipts in 2001-03. |
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291 |
Fisher |
Discusses information required for
each tax expenditure. |
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327 |
Fisher |
Discusses tax expenditures by budget
program in 2001-03. |
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378 |
Fisher |
Discusses evaluation process for tax
expenditure reports. |
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TAPE 20, SIDE A
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001 |
Fisher |
Discusses tax expenditures scheduled
for sunset in 2003-05. |
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011 |
Fisher |
Discusses revenue estimating issues.
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044 |
Fisher |
Summarizes presentation and gives advice
on how to use the report. Clarifying questions and answers
follow. |
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105 |
Sen. Ringo |
Asks question about Expenditure
1.057 regarding capital gains gift exemptions. Discussion follows. |
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140 |
Sen. Corcoran |
Asks about Expenditure 1.083
regarding exemptions on second home mortgages. Discussion follows. |
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240 |
Sen. Corcoran |
Asks about Expenditure 2.077
regarding the pleasure boat property tax exemption. Discussion follows. |
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272 |
Sen. Corcoran |
Asks about Expenditure 1.056
regarding capital gains of inherited property. Discussion follows. |
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332 |
Sen. Corcoran |
Asks about Expenditure 1.094
regarding multi-period timber growing costs deductions. Discussion follows. |
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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.