71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HB 3105
 
LC 1575/HB 3105-3
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 3105
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                             May 30
 
  On page 1 of the printed bill, line 2, after 'taxation ' insert
'; creating new provisions; and amending ORS 308A.107'.
  In line 5, delete the comma and insert ':
  ' (a) 'Crop' means the total yearly production of an
agricultural commodity, not including livestock, that is
harvested from a specified area.
  ' (b)'.
  In line 6, delete '(a)' and insert '(A)'.
  In line 8, delete '(b)' and insert '(B)'.
  After line 9, insert:
  ' (c) 'Share-rent agreement' means an agreement in which the
person who engages in farming operations and the person who owns
the land where the farming operations are conducted share the
crop grown on that land or the profits from that crop.'.
  On page 2, after line 7, insert:
  ' (6) Notwithstanding subsections (3)(a) and (5), if the
taxpayer is actively engaged in farming operations and pays the
landowner in cash, the taxpayer may claim all of the credit
available under this section.'.
  In line 8, delete '(6)' and insert '(7)'.
  In line 10, delete '(7)' and insert '(8)'.
  In line 19, delete '(8)' and insert '(9)'.
  In line 30, delete '(9)' and insert '(10)'.
  In line 33, delete '2002' and insert '2004'.
  After line 33, insert:
  '  { +  SECTION 4. + } ORS 308A.107 is amended to read:
  ' 308A.107. (1) The value for farm use, maximum assessed value
and assessed value shall be determined under this section for
both:
  ' (a) Exclusive farm use zone farmland that qualifies for
special assessment under ORS 308A.062; and
  ' (b) Nonexclusive farm use zone farmland that qualifies for
special assessment under ORS 308A.068.
  ' (2) The value for farm use for each property subject to
special assessment under this section shall equal the applicable
value derived from the tables created pursuant to ORS 308A.092
for the   { - assessment - }  { +  tax + } year multiplied by the
acreage of the property within the applicable class and area.
  ' (3)(a) The maximum assessed value for property subject to
special assessment under this section shall be determined as
provided in this subsection.
  ' (b) The county assessor shall develop tables for each
  { - assessment - }  { +  tax + } year that provide, for each
class and area, a maximum assessed value per acre that is equal
to 103 percent of the   { - maximum - }  assessed value per acre
for the   { - previous assessment - }   { + preceding tax + }
year { +  or 100 percent of the maximum assessed value per acre
for the preceding tax year, whichever is greater + }.
  ' (4) Property subject to special assessment under this section
shall have an assessed value for the   { - assessment - }
 { + tax + } year equal to the lesser of the value per acre
applicable to the property under subsection (2) of this section
or under subsection (3) of this section and multiplying the value
by the acreage of the property within the applicable class and
area.
  '  { +  (5) If property subject to special assessment under
this section consists of different classes, the assessed value of
the property shall be the sum of the assessed values computed for
each applicable class under subsection (4) of this section. + }
  '  { - (5) - }  { +  (6) + } Property that newly qualifies for
farm use special assessment shall, for the first
 { - assessment - }   { + tax + } year for which the special
assessment applies, have:
  ' (a) A value for farm use as determined under subsection (2)
of this section;
  ' (b) A maximum assessed value as determined under the tables
developed under subsection (3) of this section; and
  ' (c) An assessed value as determined under   { - subsection
(4) - }  { + subsections (4) and (5) + } of this section.
  '  { +  SECTION 5. + }  { + The amendments to ORS 308A.107 by
section 4 of this 2001 Act apply to tax years beginning on or
after July 1, 2002. + } ' .
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