(at the request of House Interim Committee on Revenue)
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Bill Title:
Relating to Oregon Rainy Day Fund.
Catchline/Summary:
Requires, for tax years beginning on or after January 1, 2013, revenue from corporate excise tax in excess of specified amount and revenue from corporate income tax in excess of specified amount to be deposited in Oregon Rainy Day Fund.Modifies conditions under which Legislative Assembly may appropriate moneys from Oregon Rainy Day Fund. Allows appropriation if approved by three-fifths of members of each house of Legislative Assembly and Governor declares emergency.]
Declares emergency, effective on passage.]
Requires, for tax years beginning on or after January 1, 2013, revenue from corporate excise tax in excess of specified amount and revenue from corporate income tax in excess of specified amount to be deposited in Oregon Rainy Day Fund.
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