Oregon Constitutional Convention

Name: Oregon Constitution — Article IX — Finance
Author: Oregon Constitutional Convention

Summary

“Oregon Constitution — Article IX — Finance”, is a work by Oregon Constitutional Convention. It explores elements such as the Legislative Assembly, biennium and revenues.

Quotes from Oregon Constitution — Article IX… (Oregon Constitutional Convention)

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ Whenever the expenses, of any fiscal year, shall exceed the income, the Legislative Assembly shall provide for levying a tax, for the ensuing fiscal year, sufficient, with other sources of income, to pay the deficiency, as well as the estimated expense of the ensuing fiscal year. ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ Any tax or excise levied on, with respect to or measured by the extraction, production, storage, use, sale, distribution or receipt of oil or natural gas, or the ownership thereof, shall not be levied at a rate that is greater than six percent of the market value of all oil and natural gas produced or salvaged from the earth or waters of this state as and when owned or produced. ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ Notwithstanding any existing State or Federal laws, an employee of the State of Oregon or any political subdivision of the state who is a member of a retirement system or plan established by law, charter or ordinance, or who will receive a retirement benefit from a system or plan offered by the state or a political subdivision of the state, must contribute to the system or plan an amount equal to six percent of their salary or gross wage. ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ If, for a biennium or any portion of a biennium, a state tax is not imposed on or measured by the income of individuals. (b) To revenues derived from any minimum tax imposed on corporations for the privilege of carrying on or doing business in this state that is imposed as a fixed amount and that is nonapportioned (except for changes of accounting periods) . ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ The Legislative Assembly may enact laws: (a) Establishing a tax credit, refund payment or other mechanism by which the excess revenues are returned to taxpayers, and establishing administrative procedures connected therewith. (b) Allowing the excess revenues to be reduced by administrative costs associated with returning the excess revenues. (c) Permitting a taxpayer’s share of the excess revenues not to be returned to the taxpayer if the taxpayer’s share is less than a de minimis amount identified by the Legislative Assembly. ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ All ships and vessels of fifty tons or more capacity engaged in either passenger or freight coasting or foreign trade, whose home ports of registration are in the State of Oregon, shall be and are hereby exempted from all taxes of every kind whatsoever, excepting taxes for State purposes, until the first day of January, 1935. ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ The Legislative Assembly may provide that the ad valorem taxes levied by any taxing unit, in which is located all or part of an area included in a redevelopment or urban renewal project, may be divided so that the taxes levied against any increase in the assessed value, as defined by law, of property in such area obtaining after the effective date of the ordinance or resolution approving the redevelopment or urban renewal plan for such area, shall be used to pay any indebtedness incurred for the redevelopment or urban renewal project. ”

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Source: Wikisource

Oregon Constitutional Convention, Oregon Constitution — Article IX…

“ The Legislative Assembly shall, and the people through the initiative may, provide by law uniform rules of assessment and taxation. All taxes shall be levied and collected under general laws operating uniformly throughout the State. ”

Oregon Constitutional Convention

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Quotes from Oregon Constitution — Article IX… (Oregon Constitutional Convention)

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