Item A: Measure 37 Givings Tax - Laserfiche WebLink

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2. To whom should the tax apply: all property owners or owners of only certain types or classes of property (for example, exclude low income, non-profit, etc.)? 3. To what does the tax apply: the value of only the bare or unimproved land, or the land plus all improvements? 4. When and how would such a tax be imposed and collected: annually, immediately upon a triggering action such as application for a land use change or sale of the property, or deferred until transfer of the property? RELATED CITY POLICIES Measure 37 may have an impact on the City’s ability to regulate property under its Land Use Code (Eugene Code chapter 9). Creation of a fund to pay compensation for Measure 37 claims could assist the City in preserving its regulatory authority in this context. COUNCIL OPTIONS 1.Direct the City Manager to study one or more of the options in more detail, including completing a proposed analysis of the tax/fee amount and economic consequences. 2.Postpone further consideration until after the Oregon Supreme Court issues its decision on the constitutionality of Measure 37. 3.Take no action. CITY MANAGER’S RECOMMENDATION The City Manager recommends that the council take no action. SUGGESTED MOTION Move that the City take no additional action on a givings tax at this time. ATTACHMENTS A. Option 1 – Upzoning Tax B. Option 2 – Local Investment Tax C. Option 3 – Legislative Change Tax D. Option 4 – Capital Gains Tax FOR MORE INFORMATION Staff Contact: Susan Muir, Executive Director Telephone: 682-6077 Staff E-Mail: susan.l.muir@ci.eugene.or.us City Attorney: Glenn Klein Telephone: 682-5080 Staff E-mail: glenn.klein@harrang.com L:\CMO\2006 Council Agendas\M060125\S060125A.doc