75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 563
 
LC 2473/SB 563-2
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 563
 
               By COMMITTEE ON FINANCE AND REVENUE
 
                             May 27
 
  On page 1 of the printed bill, line 3, delete '294.184,
294.187' and insert '311.385'.
  Delete lines 5 through 31.
  On page 2, delete lines 1 through 10.
  In line 11, delete '3' and insert '1'.
  In line 30, delete '4' and insert '2'.
  In lines 34 and 35, delete the boldfaced material and restore
the bracketed material and delete '; and' and insert a period.
  On page 3, delete lines 8 through 45 and delete pages 4 and 5
and insert:
  ' (2) The interest on unpaid taxes and penalties required to be
deposited and credited to the County Assessment and Taxation Fund
under this section shall be deposited and credited in the same
manner as property tax moneys are deposited and credited under
ORS 311.385.
  '  { +  SECTION 3. + } ORS 311.385 is amended to read:
  ' 311.385. (1) The tax collector shall deposit all property tax
moneys with the county treasurer no later than:
  ' (a) One business day after:
  ' (A) Payment of the moneys is made in person at the office of
the tax collector; or
  ' (B) The tax collector receives moneys collected by a
financial institution or other collection agency; or
  ' (b) Thirty calendar days after the payment arrives by mail in
the county mail receptacle.
  ' (2) The tax collector shall take a receipt for all moneys
deposited with the county treasurer.
  ' (3) Property tax moneys shall not be deposited in any account
other than the unsegregated tax collections account, except as
provided in ORS 311.370, 311.484 and 311.508.
  ' (4) No later than one business day after receiving notice of
collection of tax moneys by a financial institution or other
collection agency, the tax collector shall notify the county
treasurer of the collection of those tax moneys.
  ' (5) Except as provided in ORS 311.370, 311.484 and 311.508,
the county treasurer shall deposit all property tax moneys to an
account in the records of the county treasurer designated as the
unsegregated tax collections account. Only those moneys that will
be distributed under ORS 311.390 and interest earned from the
investment of those moneys shall be deposited to the unsegregated
tax collections account.
  ' (6) As used in this section, 'property tax moneys' includes
all ad valorem taxes and all taxes on property, as defined in ORS
310.140, and all other amounts specifically authorized by law to
be included on the assessment and tax roll, that are certified
for collection under ORS 310.060 or other law   { - and any
interest on those taxes - } .
  '  { +  SECTION 4. + }  { + The amendments to ORS 311.385,
311.505 and 311.508 by sections 1 to 3 of this 2009 Act apply to
tax years beginning on or after July 1, 2009. + } ' .
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