OR HJR7 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Unknown
Status: Failed on July 6 2015 - 100% progression
Action: 2015-07-06 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Spectrum: Unknown
Status: Failed on July 6 2015 - 100% progression
Action: 2015-07-06 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes Stability Fund. Directs that revenues from capital gains taxes and estate taxes be deposited in fund. Requires that amount equal to one percent of General Fund appropriations for biennium be transferred from Stability Fund to Oregon Rainy Day Fund each biennium. Transfers remainder of Stability Fund to General Fund each biennium. Reduces amount of transfer to General Fund if revenues received from General Fund revenue sources exceed revenue estimate for biennium by two percent or more. Applies to biennia beginning on or after July 1, 2017. Refers proposed amendment to people for their approval or rejection at next regular general election.
Title
Proposing amendment to Oregon Constitution relating to state finance.
Sponsors
No sponsor information available at this time. |
History
Date | Chamber | Action |
---|---|---|
2015-07-06 | House | In committee upon adjournment. |
2015-01-16 | House | Referred to Revenue with subsequent referral to Rules. |
2015-01-12 | House | First reading. Referred to Speaker's desk. |
Oregon State Sources
Type | Source |
---|---|
Summary | https://olis.oregonlegislature.gov/liz/2015R1/Measures/Overview/HJR7 |
Text | https://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/HJR7/Introduced |