71st OREGON LEGISLATIVE ASSEMBLY--2001 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 2643
 
                         House Bill 2717
 
Sponsored by Representative WITT
 
 
                             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.
 
  Declares new policy objectives and values for state and local
tax system. Repeals existing statement of tax system goals.
 
                        A BILL FOR AN ACT
Relating to taxation; creating new provisions; and repealing ORS
  316.003.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2001 Act is added to and made
a part of ORS chapter 305. + }
  SECTION 2.  { + (1) The Legislative Assembly declares that the
policy of this state is to have a state and local tax system that
achieves the following objectives and values:
  (a) Equity among all taxpayers. Taxpayers in equal situations
should be treated in an equivalent manner and taxes should be
imposed based on a taxpayer's ability to pay those taxes.
  (b) Economic efficiency. The tax system should minimize or
eliminate interference with economically based decision-making
unless those decisions impose economic or social costs upon
others.
  (c) Administrative efficiency. The tax system should be
designed to minimize the costs associated with tax collection and
administration of the tax system.
  (d) Income adequacy. Revenues generated by the tax system
should be sufficient to fund the level of services deserved by
the public.
  (e) Standard-of-living adequacy. Payment of tax liabilities
should not prevent a taxpayer from being able to achieve an
adequate standard of living.
  (2) To ensure that the objectives and values of the tax system
are met, any tax should be considered in conjunction with all
other taxes borne, directly or indirectly, by the residents and
other taxpayers of this state. + }
  SECTION 3.  { + ORS 316.003 is repealed. + }
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