Item 3: Ratification of Unanimous IGR Actions and Action on Non-Unanimous IGR Actions

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SB 0470 Relating Clause: Relating to property taxation; amending ORS 311.505; and prescribing an effective date. Title: Reduces monthly interest on delinquent property tax payments to lesser of prime rate plus one percent, multiplied by one-twelfth, or two-thirds of one percent. Takes effect on 91st day following adjournment sine die. Sponsored by: Sponsored by Senator GEORGE (Presession filed.) URL: http://www.leg.state.or.us/11reg/measpdf/sb0400.dir/sb0470.intro.pdf Contact Respondent Dept Updated Priority Recommendation Larry Hill CS-FIN 01/19/2011 Pri 2 Oppose Comments: SB 470 would change the method of calculating interest on delinquent property taxes. The interest rate would be lowered from the current one and one-thirds percent to a formula based on the prime rate at the time the delinquency began or two-thirds percent (whichever is lower) interest penalty. This is a reduction of at least 50%, and possibly more, from the current interest penalty. This would decrease incentives for timely payment of taxes, would impose an unfunded administrative cost on county assessment to implement the new formula, and would reduce penalty revenue that is currently shared among all taxing districts through the county's unsegregated tax account. There would be a fiscal impact but it would be manageable. SB 0507 Relating Clause: Relating to television antennas; creating new provisions; and amending ORS 90.320. Title: Imposes building code requirement that new constructions or rehabilitations of multifamily housing include television antenna system. Makes violation subject to civil penalty, not to exceed $5,000. Modifies landlord-tenant law to require that landlords of multifamily housing provide dwelling units with television antenna system access. Phases in requirement. Makes lack of required television antenna system access unhabitable condition. Grants tax credit to multifamily housing operator that installs television antenna system at least 12 months prior to date installation is required under landlord- tenant law. Sponsored by: Sponsored by Senator BOQUIST (at the request of Ken Lewetag) (Presession filed.) URL: http://www.leg.state.or.us/11reg/measpdf/sb0500.dir/sb0507.intro.pdf Contact Respondent Dept Updated Priority Recommendation Amanda Nobel Flannery S. Jennings PDD-ADM 01/12/2011 Pri 3 Oppose Comments: This bill would increase the cost of housing development and rehabilitation, increase staff time to enforce code, and reduce state revenue. BPS staff should also comment as they would be on enforcement. (I added Mark Whitmill.) 44