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

Home Browse Search

Sponsored by: By COMMITTEE ON FINANCE AND REVENUE URL:http://www.leg.state.or.us/11reg/measpdf/sb0600.dir/sb0688.intro.pdf Contact Respondent Dept Updated Priority Recommendation Larry Hill CS-FIN 2/15/2011 Pri 3 Support Comments: SB 688 will have no financial impact on the City of Eugene. It is consistent with City policy however as pointed out by Ethan, and I concur with his recommendation to support. Contact Respondent Dept Updated Priority Recommendation Ethan Nelson PDD-BPS 2/15/2011 Pri 3 Support Comments: This is the Senate Version of HB 2522. It would have no direct impact on city of Eugene operations. The city should support this bill because it will extend tax credits for residential biofuel use and alternative energy devices (e.g. solar thermal or pv systems), which has been a main financial driver for many of the installed residential systems in Eugene. It does remove the tax credit for alternative fuel vehicles, which will reduce the tax burden of the program as this was a large portion of the tax credits in previous years. The alternative fuels vehicle market (hybrids) is mature enough to continue without tax subsidies, this is not true in regards to alternative energy device markets. The cost of power (vs. the cost of transportation fuels) is still at a low level that the rate of return needs a tax boost to attract residents to invest in renewable energy at the home level. SB 0692 Relating Clause: Relating to county tobacco taxes; prescribing an effective date. Title:Removes prohibition against imposition of taxes by county on cigarettes and tobacco products. Sponsored by: By COMMITTEE ON FINANCE AND REVENUE URL:http://www.leg.state.or.us/11reg/measpdf/sb0600.dir/sb0692.intro.pdf Contact Respondent Dept Updated Priority Recommendation Larry Hill CS-FIN 2/10/2011 Pri 3 Support Support and seek amendment Comments: . SB 692 would remove preemption on county taxes on cigarettes and tobacco products. This would give counties an option for new revenue. Lane County is facing complete loss of federal revenue and will have a shortfall in FY12 of over $7 million. This could cause reduction in services, such as jail beds, of great value to the City of Eugene. The bill would be improved if amended to include cities. Contact Respondent Dept Updated Priority Recommendation Jamie Garner CS-FIN 2/15/2011 -- -- 13