WORK SESSION: SB 747, HB 2186 A

 

PUBLIC HEARING: HB 2379 A, HB 2380

 

TAPES 103-104, A-B

 

SENATE REVENUE COMMITTEE

April 23, 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

 

Witnesses Present: Representative Deborah Kafoury, District 43

John Christensen, Senator Margaret Carters Office

Marge Kafoury, City of Portland

Mike Saba, City of Portland, Bureau of Planning

Jeanne Arana, Oregon Housing and Community Services

Dan Gardner, Labor Commissioner

David Nebel, Oregon Law Center

Rob Douglas, Oregon Society of Certified Public Accountants

Kim Spaulding, Certified Public Accountant

Robert Carus, Certified Public Accountant

Bruce Krohn, Certified Public Accountant

 

Staff Present: Paul Warner, Legislative Revenue Office

Steve Meyer, Legislative Revenue Office

Lizbeth Martin-Mahar, Legislative Revenue Office

Mazen Malik, Legislative Revenue Office

Tara Lantz, Committee Assistant

 

TAPE 103, SIDE A

 

005

Chair Deckert

Calls meeting to order at 1: 12pm.

 

OPENS PUBLIC HEARING ON HB 2379

 

014

Mazen Malik

Explains HB 2379 A, which extends by 10 years the sunset provision of tax exemption for housing in urban distressed areas. Exhibit 1. Discusses the -2 and -3 amendments. Exhibits 2-3.

 

 

 

059

Rep. Kafoury

Testifies in support of HB 2379 and HB 2380 because it is important in providing low income housing to residents of Portland and offers support for the A2 and A3 amendments.

 

 

 

071

John Christensen

Testifies in support of HB 2379 on behalf of Senator Carter because it is critical for low income residents and offers support for the A2 and A3 amendments.

 

 

 

082

Marge Kafoury

Testifies in support of HB 2379, stating that there is no opposition. Offers support for the A2 and A3 amendments.

 

 

 

099

Mike Saba

Testifies in support of HB 2379 because it would allow the program adopted by Portland in 1991 of providing tax exemptions for new housing in urban distressed areas to continue. Discusses the success of the program. Refer to written testimony. Exhibit 5.

 

 

 

125

Malik

Adds that there is an expansion in the bill from single family units to multi-family units.

 

 

 

130

Sen. Deckert

Asks if Oregonians in Action is still trying to amend the bill.

 

 

 

135

M. Kafoury

Responds negatively.

 

 

 

140

Jeanne Arana

Testifies in support of HB 2379 with the A2 amendments because it would support fair housing practices and sets up penalties for discrimination. Refer to written testimony. Exhibit 6.

 

CLOSES PUBLIC HEARING ON HB 2379

 

OPENS WORK SESSION ON SB 747

 

200

Sen. Ferrioli

MOTION: MOVES SB 747 TO THE SENATE FLOOR WITH A DO PASS RECOMMENDATION AND A SUBSEQUENT REFERRAL TO THE WAYS AND MEANS COMMITTEE.

 

 

 

205

Sen. Deckert

ORDER: ROLL CALL VOTE: MOTION PASSES: 4-2-0. SENATORS ANSWERING AYE: CORCORAN, HANNON, STARR, FERRIOLI. SENATORS ANSWERING NO: RINGO, DECKERT.

 

CLOSES WORK SESSION ON SB 747

 

OPENS PUBLIC HEARING ON HB 2379

 

224

Dan Gardner

Testifies in support of the A3 amendments because it allows the Bureau of Labor and Industries to contract with the United States Housing and Urban Development to raise revenues needed to investigate housing discrimination complaints. Refer to written testimony. Exhibit 7.

 

 

 

249

David Nebel

Testifies in support of A2 amendments because they would prevent discrimination by landlords of domestic violence victims. Explains that the amendment does not have anything to do with the substance of the bill.

 

CLOSES PUBLIC HEARING ON HB 2379

 

OPENS PUBLIC HEARING ON HB 2186

 

330

Rob Douglas

Introduces book that discusses the changes resulting from federal tax reform (Exhibit 5 from 4/17/03 meeting) and three CPAs who are going to review it.

 

 

 

360

Kim Spaulding

Gives brief overview of book, An Analysis of Changes Resulting From. Exhibit 5 from 4/17/03 meeting.

 

 

 

380

Robert Carus

Discusses the Economic Growth and Tax Relief Reconciliation Act of 2001.

 

Discussion follows.

 

 

 

389

Bruce Krohn

Discusses 457 plans (Act Section 641).

 

TAPE 104, SIDE A

 

006

Spaulding

Discusses tax deadlines and sunset provisions (Act Sections 801, 802, 901). Discusses the Victims of Terrorism Tax Relief Act of 2001.

 

 

 

031

Krohn

Discusses the Job Creation and Worker Assistance Act of 2002.

 

Discussion follows.

 

 

 

057

Spaulding

Discusses missing children as dependents (Act Section 412) and the exclusion for employer-provided educational assistance.

 

 

 

073

Carus

Discusses foreign sales corporation rules (Act Section 2-3 of the FSC Repeal and Extraterritorial Income Exclusion Act of 2000).

 

Discussion follows.

 

 

 

100

Spaulding

Discusses the Community Renewal Tax Relief Act of 2000, the Installment Tax Correction Act of 2000, and the Economic Growth and Tax Relief Reconciliation Act of 2001.

 

 

 

135

Carus

Discusses changes in estate taxes due to the Economic Growth and Tax Reconciliation Act of 2001.

 

 

 

145

Krohn

Discusses IRAs (Act Sections 601-602) and contribution plans (Act Sections 611, 613-617, 631, 631-32, 635, 641-44, 647, 649, 651,-52, 654, 656, 658, 662, 665, 667).

 

Questions and answers interspersed.

 

 

 

310

Spaulding

Discusses the Victims of Terrorism Tax Relief Act of 2001.

 

 

 

320

Krohn

Discusses the Job Creation and Worker Assistance Act of 2002.

 

Discussion follows.

 

 

 

390

Spaulding

Continues discussion of the Job Creation and Worker Assistance Act of 2002 (Act Sections 402-406, 411-418).

 

Questions and answers interspersed.

 

TAPE 103, SIDE B

 

040

Sen. Deckert

Asks for any general guidance on the reconnect or disconnect bill.

 

 

 

042

Spaulding

Responds that the CPAs would be happy to provide assistance with any changes to the bill and any questions.

 

 

 

045

Sen. Corcoran

Thanks the CPAs for not opposing the disconnects to get through the financial situation even though it creates more work for themselves.

 

 

 

063

Martin-Mahar

Explains the A7 amendments which fix the problem of disconnecting from depreciation.

 

CLOSES PUBLIC HEARING ON HB 2186

 

OPENS PUBLIC HEARING ON HB 2380

 

118

Malik

Explains HB 2380 which allows for application of property tax exemption of multiple-unit low income housing property to be filed prior to the property being subject to a housing assistance contract. Exhibit 11.

 

 

 

145

Marge Kafoury

Testifies in support of HB 2380 because it is helps keep housing affordable.

 

 

 

155

Saba

Testifies in support of HB 2380 because it is crucial in providing affordable housing. Refer to written testimony. Exhibit 14.

 

 

 

175

Sen. Ferrioli

States that this bill is very specific and has a proven track record.

 

CLOSES PUBLIC HEARING ON HB 2380

 

200

Sen. Deckert

States that they will bring back HB 2535 for a public hearing next week.

 

 

 

205

Sen. Deckert

Adjourns meeting at 2:24pm.

 

 

 

Tape Log Submitted by,

 

 

 

Tara Lantz, Committee Assistant

 

Exhibit Summary:

1.      HB 2379 A, Mazen Malik, Staff Measure Summary, 1p.

2.      HB 2379 A, Mazen Malik, Proposed A2 Amendments, 9pp.

3.      HB 2379 A, Mazen Malik, Proposed A3 Amendments, 14pp.

4.      HB 2379 A, Mazen Malik, Tax Expenditure 2.030 from the Tax Expenditure Report, 2pp.

5.      HB 2379 A, Mike Saba, Written Testimony, 2pp.

6.      HB 2379 A, Jeanne Arana, Written Testimony, 2pp.

7.      HB 2379 A, Dan Gardner, Written Testimony, 1p.

8.      SB 747, Lizbeth Martin-Mahar, Fiscal Impact Statement, 1p.

9.      HB 2186, Lizbeth Martin-Mahar, Proposed A7 Amendments, 3pp.

10.  HB 2186, Lizbeth Martin-Mahar, Staff Measure Summary, 1p.

11.  HB 2380, Mazen Malik, Staff Measure Summary, 1p.

12.  HB 2380, Mazen Malik, Tax Expenditure 2.032 from the Tax Expenditure Report, 2pp.

13.  HB 2380, Mazen Malik, Tax Expenditure 2.033 from the Tax Expenditure Report, 1p.

14.  HB 2380, Mike Saba, Written Testimony, 3pp.

15.  HB 2535, Mazen Malik, Staff Measure Summary, 1p.

16.  HB 2535, Mazen Malik, Tax Expenditure 2.036 from the Tax Expenditure Report, 2pp.