Oregon House Bill 3468 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Provides for portion of surplus revenue refunds to be directed to Oregon Drought Reserve Fund instead of returned to personal income taxpayers. Provides for portion of surplus revenue refunds to be directed to Oregon Drought Reserve Fund instead of returned to personal income taxpayers. Establishes Oregon Drought Reserve Fund. Maintains amounts of surplus returned to taxpayers with lower incomes based on taxpayer share of prior year tax liability and phases out amount returned to taxpayers with higher incomes. Modifies statutory provisions. Applies to biennia ending on or after June 30, 2025. Takes effect only if House Joint Resolution 23 (2023) is approved by people at next regular general election. Takes effect on effective date of constitutional amendment proposed in House Joint Resolution 23 (2023).

Relating to directing surplus revenues to drought reserve funding; prescribing an effective date.

Rep. Ken Helm [D]

Date	Chamber	Action
2023-06-25	House	In committee upon adjournment.
2023-03-03	House	Referred to Agriculture, Land Use, Natural Resources, and Water with subsequent referral to Revenue.
2023-02-28	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/HB3468
Text	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/HB3468/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/77211
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/74728
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/77199