71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HB 3871
 
LC 2494/HB 3871-1
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 3871
 
                 By COMMITTEE ON TRANSPORTATION
 
                             May 14
 
  Delete lines 9 and 10 of the printed bill and insert:
  ' (b) 'Time-based rating plan' means a rating plan for which a
unit of exposure is one minute or one hour traveled by the
insured motor vehicle.
  ' (c) 'Unit of exposure' means a unit that measures the loss
exposure assumed by an insurer, the total of such units of which
is multiplied by the policy rate, or rates, to produce the policy
premium.'.
  After line 19, insert:
  ' (6) In order for credit to be claimed for a policy under this
section, the taxpayer must obtain a verified statement from the
policyholder stating that the policy for which a credit is
claimed covers all vehicles used at the household of the
policyholder and owned, leased or regularly operated by the
policyholder or by an individual who is legally related to the
policyholder or who otherwise regularly shares vehicles with the
policyholder.
  ' (7) The credit may not be claimed with respect to a policy
for which a credit was allowed in a previous tax year.'.
  In line 20, after 'for' insert 'all taxpayers for'.
  Delete line 26 and insert 'January 1, 2002, and before January
1, 2007.'.
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