75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
HA to HB 2073
 
LC 1471/HB 2073-2
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2073
 
                     By COMMITTEE ON REVENUE
 
                             June 12
 
  On page 1 of the printed bill, line 2, after 'Fund' insert a
period and delete the rest of the line and line 3.
  Delete lines 5 through 30 and delete page 2 and insert:
  '  { +  SECTION 1. + }  { + Section 2 of this 2009 Act is added
to and made a part of ORS chapter 317. + }
  '  { +  SECTION 2. + }  { + (1) For tax years beginning on or
after January 1, 2013, any revenue that is received as a result
of a rate of tax above six and six-tenths percent imposed under
this chapter and that is in excess of the revenue that would be
received under this chapter at a rate of six and six-tenths
percent shall be deposited into the Oregon Rainy Day Fund
established by ORS 293.144.
  ' (2) Before the end of each biennium, beginning with the
biennium ending on June 30, 2015, the Department of Revenue shall
estimate the revenue described in subsection (1) of this section
that is received during the biennium. An amount equal to that
estimate shall be transferred into the Oregon Rainy Day Fund
established by ORS 293.144 on or before June 30 of each
odd-numbered year. + }
  '  { +  SECTION 3. + }  { + Section 4 of this 2009 Act is added
to and made a part of ORS chapter 318. + }
  '  { +  SECTION 4. + }  { + (1) For tax years beginning on or
after January 1, 2013, any revenue that is received as a result
of a rate of tax above six and six-tenths percent imposed under
this chapter and that is in excess of the revenue that would be
received under this chapter at a rate of six and six-tenths
percent shall be deposited into the Oregon Rainy Day Fund
established by ORS 293.144.
  ' (2) Before the end of each biennium, beginning with the
biennium ending on June 30, 2015, the Department of Revenue shall
estimate the revenue described in subsection (1) of this section
that is received during the biennium. An amount equal to that
estimate shall be transferred into the Oregon Rainy Day Fund
established by ORS 293.144 on or before June 30 of each
odd-numbered year. + } ' .
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