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<br /> <br />HB 2518 <br /> <br />Relating Clause: Relating to real estate transfers. <br /> <br />Title: Permits local governments to impose real estate transfer tax or fee, provided tax or fee is <br />structured progressively based on consideration paid for property, transfers in which <br />buyer is first-time homebuyer or exempt, and marginal rate of tax or fee decreases as <br />length of ownership by seller increases. <br /> <br />Sponsored by: Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of <br />House Interim Committee on Revenue) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/hb2500.dir/hb2518.intro.pdf <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS-FIN 1/25/2011 Pri 2 Support <br /> <br />Comments: City of Eugene has historically supported a repeal of the prohibition on local real estate <br />transfer taxes. HB 2518 proposes language that would allow local real estate transfer <br />taxes under certain circumstances. <br /> <br /> <br />HB 2545 <br /> <br />Relating Clause: Relating to a tax on motor vehicle rentals; appropriating money; prescribing an effective <br />date; providing for revenue raising that requires approval by a three-fifths majority. <br /> <br />Title: Establishes tax on motor vehicle rentals. <br /> <br />Sponsored by: Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of <br />House Interim Committee on Revenue) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/hb2500.dir/hb2545.intro.pdf <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS-FIN 1/31/2011 Pri 3 Support <br /> <br />Comments: HB 2545 would create a new state tax on motor vehicle rentals, with the proceeds going <br />to the State Highway Trust Fund. Any marginal increase in revenue to the Fund would be <br />shared with cities and counties. The amount of the increase that would be received by the <br />City of Eugene for local streets would probably be very small, however, and so I <br />recommend a priority III level support position. The city should be vigilant and strongly <br />oppose any amendments that would preempt city taxes on motor vehicle rentals. <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Eric Jones PW-ADM 1/31/2011 Pri 3 Support <br /> <br />9 <br /> <br /> <br />