Bill that hides tax increase within a tax credit is dead
By Taxpayer Association of Oregon
Rep. John Davis (R-Wilsonville) said it looks like the bill (SB 925) that hides a tax increase within a tax credit is dead. “With Republican solidarity and participation from voters, we successfully killed it,” said Davis. Many voters contacted their lawmakers to urge them to vote no on SB 925. The bill was sent to the House Committee on Revenue, which at this late date is in essence sending it to the graveyard, said Davis.
An Oregonian Editorial ripped into the bill recently with the headline “Democrats overcook tax-credit bill”. The Oregonians stated “All legislatures have to dabble in sausage-making, but this concoction is straight out of Hell’s Kitchen…Perhaps one of the farthest-reaching aspects of the bill is the establishment of limits on the amount of federal income tax payments Oregonians can deduct from their state taxes. The change will, in effect, increase many middle-class Oregonians’ tax bills.”
The bill drew added controversy because some tried to use the tax credit & tax increase bill to evade the constitutional 3/5th majority rule for tax increases. This rule was approved by voters in the 1990’s.
You can view SB 925 here.
— Representative John Davis serves on many key committees in the Legislature including Co-Vice-Chair Joint Committee On Tax Credits,
Joint Committee On Health Insurance Transition, House Committee On Revenue and Co-Vice Chair of House Committee On Transportation and Economic Development