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Contact Respondent Dept Updated Priority Recommendation <br />Jerry Lidz CS-CMO-ATTY 1/20/2011 -- -- <br /> <br />Comments: I defer to Larry Hill on the impact this bill may have on the City, I have some concern <br />that the bill's favoritism for Oregon-based financial institutions may prompt a legal <br />challenge based on the Commerce Clause in the federal constitution, but the City is not <br />likely to be a party to that litigation. <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS-FIN 1/25/2011 Pri 2 Oppose <br /> <br />Comments: I strongly agree with Twylla's comments. This bill would have a negative fiscal impact <br />on the City of Eugene. There is no reasonable basis for the proposed changes and they are <br />contrary to good municipal financial management. <br /> <br /> <br />HB 2563 <br /> <br />Relating Clause: Relating to exemptions to property taxation; prescribing an effective date. <br /> <br />Title: Creates and adjusts sunset dates for certain exemptions to property taxation. <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/hb2563.intro.pdf <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS-FIN 1/25/2011 Pri 2 Support <br /> <br />Comments: HB 2563 and SB 310 are identical as introduced. These bills amend numerous statutes <br />concerning property tax exemptions. While most exemptions would simply be granted <br />sunset date extensions, several small exemptions would be eliminated. No new <br />exemptions would be created in the bills as introduced. The most significant change for <br />the City of Eugene would be provided by sections 10 and 11, which remove the statutory <br />exemption of taxable personal property with a total value less than $12,500. In FY10, <br />almost $7,000,000 in otherwise taxable personal property fell within this exemption in <br />the City of Eugene, representing about $50,000 in lost revenue. While this is a small <br />revenue improvement it does move the City's revenue in the correct direction. This bill <br />should be monitored and any amendments that would expand or add new property tax <br />exemptions should be opposed. <br /> <br /> <br />HB 2568 <br /> <br />Relating Clause: Relating to property taxation; prescribing an effective date. <br /> <br />Title: Decreases rate of interest payable on overdue property taxes to ____ percent. <br /> <br />11 <br /> <br /> <br />