75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
 
                            Enrolled
 
                         House Bill 2073
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of House Interim Committee on
  Revenue)
 
 
                     CHAPTER ................
 
 
                             AN ACT
 
 
Relating to Oregon Rainy Day Fund.
 
Be It Enacted by the People of the State of Oregon:
 
  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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Enrolled House Bill 2073 (HB 2073-A)                       Page 1
 
 
 
 
 
Passed by House June 18, 2009
 
 
      ...........................................................
                                             Chief Clerk of House
 
      ...........................................................
                                                 Speaker of House
 
Passed by Senate June 27, 2009
 
 
      ...........................................................
                                              President of Senate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 2073 (HB 2073-A)                       Page 2
 
 
 
 
 
Received by Governor:
 
......M.,............., 2009
 
Approved:
 
......M.,............., 2009
 
 
      ...........................................................
                                                         Governor
 
Filed in Office of Secretary of State:
 
......M.,............., 2009
 
 
      ...........................................................
                                               Secretary of State
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 2073 (HB 2073-A)                       Page 3