Bill Text: OR HB2563 | 2011 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to exemptions to property taxation; and prescribing an effective date.

Spectrum: Unknown

Status: (Passed) 2011-08-02 - Chapter 656, (2011 Laws): Effective date September 29, 2011. [HB2563 Detail]

Download: Oregon-2011-HB2563-Amended.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

HA to HB 2563

LC 2502/HB 2563-5

                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2563

                     By COMMITTEE ON REVENUE

                             June 8

  On page 1 of the printed bill, line 2, after the second
semicolon delete the rest of the line and delete lines 3 through
10 and insert 'amending section 7, chapter 637, Oregon Laws 2005;
and prescribing an effective date.'.
  Delete lines 12 through 30 and delete pages 2 through 22 and
insert:
  '  { +  SECTION 1. + } Section 7, chapter 637, Oregon Laws
2005, is amended to read:
  '  { +  Sec. 7. + }   { - Notwithstanding section 3 of this
2005 Act, - } Property may not qualify for a first year of
exemption under
  { - section 3 of this 2005 Act - }   { + ORS 307.455 + } for a
tax year beginning on or after July 1,   { - 2011 - }  { +
2013 + }.
  '  { +  SECTION 2. + }  { + (1) A food processor may apply for
exemption under ORS 307.455 for the tax year beginning on July 1,
2011, by submitting to the Department of Revenue on or before
December 31, 2011, the application and information required under
ORS 307.455 (2)(a) accompanied by the late filing fee required
under ORS 307.455 (2)(b).
  ' (2) If tax on the exempt value has not been paid, the tax and
any interest are abated.
  ' (3) If tax on the exempt value has been paid, the tax
collector shall notify the governing body of the county of the
refund required under ORS 307.455. Upon receipt of notice from
the tax collector, the governing body shall cause a refund of the
tax and any fee and interest paid to be made from the refund
reserve account, if the county has established a refund reserve
account under ORS 311.807, or from the unsegregated tax
collections account described in ORS 311.385. The refund under
this subsection shall be made without interest. The county
assessor and tax collector shall make the necessary corrections
in the records of their offices. + }
  '  { +  SECTION 3. + }  { + This 2011 Act takes effect on the
91st day after the date on which the 2011 regular session of the
Seventy-sixth Legislative Assembly adjourns sine die. + } ' .
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