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<br />Sponsored by: Chief Sponsors: Senator Tim Knopp (District 27 - Bend), Representative John Davis <br />(District 26 - Wilsonville) <br /> <br />URL: http://www.leg.state.or.us/13reg/measpdf/sb0600.dir/sb0670.intro.pdf <br /> <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS FIN 03/05/2013 Oppose <br /> <br />Comments: SB 670 would double the exemption from taxation for personal property, from $12,500 to <br />$25,000. I estimate the revenue loss from this change would be about $225,000. <br /> <br /> <br />HJR 0013 <br />Relating Clause: Proposing amendment to Oregon Constitution relating to assessed value of property. <br /> <br />Title: Proposes amendment to Oregon Constitution to reset assessed value and maximum <br />assessed value at real market value upon certain changes to property for purposes of ad <br />valorem property taxation, except for sale of primary residence by low income senior <br />citizens in certain circumstances. <br /> <br /> Refers proposed amendment to people for their approval or rejection at next regular <br />general election. <br /> <br />Sponsored by: At the request of House Interim Committee on Revenue, Presession Filed <br /> <br /> <br />URL: http://www.leg.state.or.us/13reg/measpdf/hjr1.dir/hjr0013.intro.pdf <br /> <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS FIN 03/06/2013 Pri. 1 Support <br /> <br />Comments: This is a high priority for LOC. The goal of HJR 13 is to reduce the current inequitable <br />dichotomy between properties real market value and assessed value. This is one of LOC's <br />highest priority issues. It would put an amandment to the State Constitution before the <br />voters to reset taxable assessed value of property to the real market value at the time the <br />property is sold or otherwise transfered, or the property is disqualified from an <br />exemption. I recommend support for this concept, which is addressed in several bills this <br />session. <br /> <br /> <br />HJR 0022 <br />Relating Clause: Proposing amendment to Oregon Constitution relating to local option land value ad <br />valorem property taxes. <br /> <br />Title: Proposes amendment to Oregon Constitution to allow local option land value ad valorem <br />property taxes outside certain limitations. <br /> Refers proposed amendment to people for their approval or rejection at next regular <br />general election. <br /> <br />3 | Page <br />April 17, 2013 IGR Committee Meeting <br />