HB 2632 VOTE: YES Died In Committee on 06/26/2021 Status (overview) of bill: https://olis.oregonlegislature.gov/liz/2021R1/Measures/Overview/HB2632 Committee assigned to bill: https://olis.oregonlegislature.gov/liz/2021R1/Committees/HREV/Overview This bill reinstates tax credit for reforestation. Fiscal Responsibility A tax credit is allowed with a preliminary certificate is issued before December 31, 2027. Local Control Adds jobs to rural areas, and small trees absorb more carbon to grow, helping the…
VOTE: NO – Died in Committee for lack of quorum. Requires large polluters to purchase permits for their greenhouse gas emissions with availability of permits declining over time, supposedly leading to a reduction in emissions.
VOTE:NO – Died In Committee. Amends the constitution to approve real estate transfer taxes, exempting the first $500K, and will use the revenue to fund “affordable” housing.
VOTE:YES – Died in Committee. Exempts receipts from sales of agricultural, floricultural, horticultural, viticultural or food products from commercial activity subject to corporate activity tax.
VOTE:NO – Died In Committee
Expands a 10-year universal service surcharges on mobile radio services and retail interconnected voice over internet protocol services to universal service surcharge.
VOTE: NO – Died In Committee – Transfers responsibility to pay basic union fees for government workers to the government (taxpayers) for all public employees for collective bargaining and protecting rights of employees.
VOTE: NO, Died in Committee – Limits eligibility for the pass-thru entity tax rates to business operating in one of the following seven economic sectors: agriculture, mining, manufacturing, wholesale trade, transportation and warehousing, information, or accommodation & food services. Increases the employment requirement for eligibility from one employee to ten employees.
VOTE: NO, Died in Committee – Changes personal income tax base from federal taxable income to federal adjusted gross income by eliminating allowance of itemized deductions, taking 33% of IRS standard deduction, and decreasing tax rates. Applies to tax years beginning on or after January 1, 2018.
VOTE: NO, Died in Committee – Increases fee amount collected by county clerks to $40 for certain real property documents, and exempts fees for certain affordable housing programs.
VOTE: NO, Died in Committee – Creates or adjusts sunset dates on property tax exemptions to expire sooner starting in 2020, and adds a sunset for the majority of property in Oregon, which if not renewed would cause a mass increase in property taxes without a vote of the legislature.
VOTE:YES – Died In Committee – Increases estate tax exemption of who must file to $5.45 million, and provides an automatic adjustment to the taxable estate value using the IRS code 2010(c)(3)’s adjustment for inflation. Applies after January 1, 2018.
VOTE:NO – Died in Committee – Taxes property tax paid. Raises income taxes on every homeowner gross earning over $50,000/annually, and completely eliminates the ability to deduct property taxes for people who earn $125,000/annually. Applies to tax years beginning on or after January 1, 2018.
VOTE:NO – Died in Committee – Limits Mortgage Interest Deduction to $15,000 on principal residence for Oregonians with adjusted gross income less than $100,000 and eliminates deduction for incomes that exceed $100,000 and all other residence. Yearly increases in tax revenue goes to the Oregon Housing Fund to expand housing for low income, seniors, disabled, farmworkers and Native Americans.
VOTE:NO – Died in Committee – Modifies refund distribution method for statutory kicker provision to be distributed to taxpayers in equal amounts instead of as percentage of personal income tax liability, which may be a refunded amount if no tax is due.
VOTE:YES – Died In Committee – Limits issuing bonds where the debt service does not exceed 5% of the General Fund revenues estimated to be received in the biennium provided in Article IX, section 14, of the Oregon Constitution.
VOTE:NO – Died in Committee – Proposes amendment to Oregon Constitution repealing property tax assessment limitations and requiring assessment on the higher real market value allowing increases every 10 years. Refers to voters.
VOTE: NO – Died In Committee – Extends sunset from 2022 to January 1, 2024 for tax credit for biomass production or collection of all types of biomass reducing long term revenues without the benefit of reporting on its success.
VOTE:NO – Passed – Increases state transient lodging tax rate.
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