Bill Text: OR HB3297 | 2013 | Regular Session | Introduced

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Bill Title: Relating to evaluation of tax expenditures; prescribing an effective date.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Failed) 2013-07-08 - In committee upon adjournment. [HB3297 Detail]

Download: Oregon-2013-HB3297-Introduced.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 1400

                         House Bill 3297

Sponsored by Representative BARNHART

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Directs state agencies administering tax expenditures with
purpose connected to economic development to establish policies
and procedures for establishing and verifying goals and
objectives of tax expenditures. Requires information to be posted
on Oregon transparency website.
  Applies to certifications or approvals of tax expenditures that
occur on or after January 1, 2014, and to tax expenditures that
do not require certification or approval and that are otherwise
allowed in tax years beginning on or after January 1, 2014.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to evaluation of tax expenditures; and prescribing an
  effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) As used in this section, 'tax expenditure '
has the meaning given that term in ORS 291.201.
  (2) All tax expenditures established under Oregon law with a
purpose connected to economic development shall include policies
and procedures:
  (a) For establishing goals and objectives in relation to the
tax expenditure for each taxpayer or applicant allowed the tax
expenditure;
  (b) For verifying that each taxpayer or applicant has met the
goals and objectives established in paragraph (a) of this
subsection; and
  (c) For determining that the allowance of a tax expenditure was
necessary in order to achieve the goals and objectives of each
taxpayer or applicant.
  (3) All state agencies charged with certifying or administering
a tax expenditure described in this section shall establish
policies and procedures for disallowing any tax expenditure
already awarded and recouping any taxes due by reason of the
disallowance, from taxpayers or applicants who do not demonstrate
achievement of expected goals and objectives or who otherwise
fail to comply with this section.
  (4) A state agency may not certify taxpayers or otherwise
authorize allowance of a tax expenditure until the state agency
has established the policies and procedures required by this
section.

  (5) All information collected pursuant to this section shall be
posted at the taxpayer level at least once per year on the Oregon
transparency website required under ORS 184.483, in conformity
with the requirements of ORS 184.484.
  (6) This section does not apply to tax expenditures that have
existing reporting requirements of a comparable nature. + }
  SECTION 2.  { + Section 1 of this 2013 Act applies to
certifications or approvals of tax expenditures that occur on or
after January 1, 2014, and to tax expenditures that do not
require certification or approval and that are otherwise allowed
in tax years beginning on or after January 1, 2014. + }
  SECTION 3.  { + This 2013 Act takes effect on the 91st day
after the date on which the 2013 regular session of the
Seventy-seventh Legislative Assembly adjourns sine die. + }
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