71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HB 2347
 
LC 272/HB 2347-1
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2347
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                            March 13
 
  In line 2 of the printed bill, after '311.666' insert 'and
311.676'.
  In line 8, delete the first 'is' and insert 'has been
determined to be'.
  In line 9, delete 'disability benefits' and insert ' benefits
due to disability or blindness'.
  In line 10, delete 'disability benefits' and insert ' benefits
due to disability or blindness'.
  After line 22, insert:
  '  { +  SECTION 2. + } ORS 311.676, as amended by section 4,
chapter 1097, Oregon Laws 1999, is amended to read:
  ' 311.676. (1) Upon determining the amount of deferred taxes on
tax-deferred property for the tax year, the Department of Revenue
shall pay to the respective county tax collectors an amount
equivalent to the deferred taxes less three percent thereof.
Payment shall be made from the revolving account established
under ORS 311.701.
  ' (2) The department shall maintain accounts for each deferred
property and shall accrue interest only on the actual amount of
taxes advanced to the county.
  ' (3) { + (a) + } If only a portion of taxes are deferred under
ORS 311.689, the department shall pay the portion that is
eligible for deferral to the tax collector and shall provide a
separate notice to the county assessor stating the amount of
property taxes that the department is paying.
  '  { +  (b) The notice stating the amount of property taxes
paid by the department and any other county records indicating
those amounts are not subject to the prohibitions against
disclosure set forth in ORS 314.835. + } ' .
  In line 23, delete '2' and insert '3' and delete 'by section 1'
and insert 'and 311.676 by sections 1 and 2'.
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