71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to A-Eng. SB 763
 
LC 1582/SB 763-A7
 
                       HOUSE AMENDMENTS TO
                   A-ENGROSSED SENATE BILL 763
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                             June 22
 
  On page 2 of the printed A-engrossed bill, after line 1,
insert:
  ' (4) A district listed in ORS 198.010 or 198.180 may elect not
to participate in a vertical housing development zone. A district
that elects not to participate may continue to impose taxes on
property otherwise exempt from ad valorem property tax under
section 9 of this 2001 Act.'.
  In line 2, delete '(4)' and insert '(5)'.
  Delete lines 12 through 16 and insert:
  ' (C) Explains the process by which a district listed in ORS
198.010 or 198.180 may elect not to participate in the vertical
housing development zone.'.
  In line 20, delete '(5)' and insert '(6)'.
  After line 26, insert:
  ' (7) The applicant shall submit to the director within 30 days
following the date the application is filed with the department a
list of the districts that elected not to participate in the
vertical housing development zone.'.
  Delete lines 30 through 37.
  In line 38, delete '(3)' and insert '(2)'.
  In line 41, delete '(4)' and insert '(3)'.
  In line 44, after 'shall' insert a colon and begin a new
paragraph and insert '(1)'.
  On page 3, after line 1, insert:
  ' (2) Notify the county assessor of the county in which the
vertical housing development zone is located of the designation
of that zone and of the districts that elected not to participate
in the zone.'.
  In line 43, delete 'tax' and insert 'taxes imposed by local
taxing districts, other than the districts that elected not to
participate in the vertical housing development zone as described
in section 3 (4) of this 2001 Act'.
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