Senate Joint Resolution 1 - Oregon Laws 1999

Session Law

Be It Resolved by the Legislative Assembly of the State of Oregon:

PARAGRAPH 1. The Constitution of the State of Oregon is amended by creating a new section 11k to be added to and made a part of Article XI, such section to read:

SECTION 11k. (1) For tax years beginning on or after July 1, 2000, notwithstanding section 11 of this Article, a local taxing district shall have a permanent limit on the rate of ad valorem property taxes that is equal to the tax rate that would have been achieved for the tax year beginning July 1, 1997, if that portion of a levy described in paragraph (c) of subsection (7) of section 11 of this Article that represented replacement authority for an expiring serial or one-year levy last imposed in the tax year beginning July 1, 1996, had been treated as a levy described in paragraph (b) of subsection (7) of section 11 of this Article. The levy described in paragraph (c) of subsection (7) of section 11 of this Article, or a successor levy, shall be reduced in the manner provided by law.

(2) Subsection (1) of this section applies only to the permanent rate limit of a local taxing district located in a county in which a local taxing district imposed levies described in paragraph (c) of subsection (7) of section 11 of this Article that were greater than $1.2 million for the tax year and for which the amount treated as replacement authority exceeded $900,000.

(3) The Legislative Assembly shall enact legislation to achieve the result described in this section.

PARAGRAPH 2. The amendment proposed by this resolution shall be submitted to the people for their approval or rejection at a special election held throughout this state on the same date as the next biennial primary election.

Filed in the office of Secretary of State April 29, 1999

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