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2005 Legislative Session IGR Committee Bill Approval June 13, 2005 <br /> <br /> Requires Governor's budget to include proposed spending limitation for General <br /> Fund and lottery moneys. Requires Legislative Assembly to enact bill that establishes <br /> total spending limitation for biennium and limitations within specified categories. <br /> Prohibits enactment of bills after March 31 if Legislative Assembly has not enacted <br /> SB 0470 3 Neutral and Governor has not signed limitation bill. 3/09 <br /> Specifies requirements for treatment and propagation of hatchery fish that any fish <br /> SB 0473 3 Oppose management policy of State Fish and Wildlife Commission must contain. 3/17 <br /> Establishes tax credit against personal income or corporate income or excise taxes <br /> for property taxes paid on machinery and equipment used by persons engaged in <br /> SB 0479 3 Oppose certain food processing. Applies to tax years beginning on or after January 1,2006. 3/09 <br /> Directs Department of Revenue to establish general tax amnesty program of limited <br /> duration. Waives penalties for taxpayers who pay outstanding taxes. Increases <br /> 2enalties on taxpayers who fail to fully participate. Sunsets January 2, 2012. Takes <br /> SB 0480 3 Support effect on 91st day following adjournment sine die. 3/09 <br /> { + Directs Department of Revenue to establish and promote voluntary compliance <br /> initiative for taxpayers who utilize abusive tax avoidance transactions to underreport <br /> 2ersonal income or corporate income or excise taxes. Establishes reporting and <br /> registration requirements and enhanced penalties for persons who use abusive tax <br /> avoidance transactions, or who serve as material advisors for certain transactions. <br /> Extends period for which notice of deficiency may be issued in cases in which returns <br /> reflect use of abusive tax avoidance transactions. + } Directs Department of Revenue <br /> to establish general tax amnesty program of limited duration. Waives penalties for { + <br /> personal income + } taxpayers who pay outstanding taxes. Increases penalties on <br /> taxpayers who fail to fully participate. Sunsets { + amnesty program + } January 2, { - <br /> 2012 - } { + 2010 + }. { + Requires mandatory withholding of income tax from <br /> distributions from employer-sponsored retirement plans. Requires mandatory <br /> withholding of income tax when Oregon real property interests are sold by <br /> SB 0480A 3 Support nonresidents. Applies to distributions and sales occurring on or after January 1, 2006. 0/00 <br /> Requires majority of votes cast in territory proposed to be annexed and majority of <br /> votes cast in city or district to approve annexation plan under which city or district may <br /> annex territory within urban growth boundary. Eliminates option for city to annex <br /> territory without vote in territory and without written consent to annexation by 50 <br /> SB 0491 3 Oppose percent or more of voters residing in territory. 3/09 <br /> Allows person lawfully using bicycle lane to proceed through red light at top of T <br /> intersection after stopping at light. Creates offense of improper stop at light at T <br /> SB 0493 3 Oppose intersection. Punishes by maximum fine of $360. 3/24 <br /> <br /> Page 78 <br /> <br /> <br />