27 New Taxes: Property, income, beer, wine, kicker

By Taxpayer Association of Oregon
OregonWatchdog

On Thursday January 10th the Oregon State Legislature rolled out over 25 new tax proposals (just on the House side) which could raise over $2 billion in new taxes including new income taxes, property taxes, higher fees, beer taxes, cell phone taxes and stealing the people’s kicker.   The Taxpayer Association is making this list public so you can see how you are being taxed.

Stealing Kicker

SJR3 Proposing amendment to Oregon Constitution relating to surplus revenue.
— Proposes amendment to Oregon Constitution to transfer excess revenues from personal income tax collections to education stability fund and to eliminate surplus revenue “kicker” refund process

Raising property taxes:

SJR1 Proposing amendment to Oregon Constitution relating to the property tax system.
— Proposes amendment to Oregon Constitution directing Legislative Assembly, notwithstanding any provision of Ballot Measure 50 (1997), to enact laws necessary to ensure that property taxes are equitable and fairly apportioned

SJR2 Proposing amendment to Oregon Constitution relating to ad valorem property taxation.
— Proposes amendment to Oregon Constitution providing that, for purposes of ad valorem property taxation, ratio of maximum assessed value to real market value of property may not be less than 0.75

HJR1 Proposing amendment to Oregon Constitution relating to ad valorem property taxation.
— Proposes amendment to Oregon Constitution providing that, for purposes of ad valorem property taxation, ratio of maximum assessed value to real market value of property may not be less than 0.75

HJR2 Proposing amendment to Oregon Constitution relating to the assessment of high-value residential property for ad valorem property tax purposes.
— Provides that residential property that is subject of sale or other transfer for which seller receives consideration of $1 million or more shall have assessed value equal to residential property’s real market value. Refers proposed amendment to people for their approval or rejection at next regular general election.

HJR3 Proposing amendment to Oregon Constitution relating to the maximum assessed value of business property.
— Provides that maximum assessed value of property held for commercial or industrial purposes shall equal property’s real market value. Provides four-year ramp-up from current maximum assessed value to real market value. Refers proposed amendment to people for their approval or rejection at next regular general election.

HJR4 Proposing amendment to Oregon Constitution relating to ad valorem property taxation of certain business property.
— Proposes amendment to Oregon Constitution providing that, for purposes of ad valorem property taxation, notwithstanding assessment provisions of Ballot Measure 50 (1997) and collection limit provisions of Ballot Measure 5 (1990), property classified as commercial or industrial shall be assessed at real market value and taxes on such property collected without compression

HJR11 Proposing amendment to Oregon Constitution relating to ad valorem property taxation
— Proposes amendment to Oregon Constitution providing that, for purposes of ad valorem property taxation under Ballot Measure 50 (1997), property that is subject of sale or other transfer shall have maximum assessed value equal to property’s real market value, only for first tax year that begins after sale or other transfer becomes final

HB2104 Relating to property tax administration; prescribing an effective date.
— Reduces discount for on-time payment of property taxes imposed on business property

HB2157 Relating to discount on payment of property taxes; prescribing an effective date.
— Disallows discounts, otherwise allowable on timely partial or full payments of property taxes, on payment of taxes imposed on property classified as commercial or industrial

Personal and general tax increases

HB2154 Relating to personal income taxation; prescribing an effective date.
— Limits itemized deductions allowed for purposes of personal income taxation if taxpayer’s adjusted gross income exceeds threshold amount

HB2172 Relating to tax treatment of carried interest; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Imposes additional tax on investment services partnership income treated as net capital gain and taxed at lower rate on personal income taxpayer’s federal return

HB2120 Relating to personal income taxation; prescribing an effective date.
— Limits, for purposes of personal income taxation, availability of itemized deductions

HB2125 Relating to taxes imposed on alcoholic beverages; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Increases privilege taxes imposed upon manufacturer or importing distributor of malt beverages or wine

Taxing internet calls

HB2184 Relating to the universal service fund.
— Expands definition of “retail telecommunications service” for purposes of universal service surcharge

Business tax increases

HB2162 Relating to apportionment of corporate income; prescribing an effective date.
— Modifies methods for calculating numerator used in apportionment of business income for purposes of corporate excise taxation

HB2163 Relating to the corporate minimum tax; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Increases corporate minimum tax imposed on certain corporations

HB2160 Relating to application of corporate minimum tax to out of state corporation; prescribing an effective date.
— Requires out-of-state corporation making sales into state to pay corporate minimum tax

HB2145 Relating to state finance; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Increases corporate excise tax rates

HB2146 Relating to the corporate minimum tax; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Increases corporate minimum tax imposed on S corporations

HB2147 Modifies methods for calculating numerator used in apportionment of business income for purposes of corporate excise taxation
— Requires sales of all members of unitary group of corporations to be included in numerator of Oregon apportionment percentage if any member is taxable in state.

HB2153 Relating to tax treatment of pass-through income; prescribing an effective date.
— Reduces amount of income eligible for elective reduced personal income tax rate allowed for certain pass-through income

HB2148 Relating to taxes imposed upon corporations; prescribing an effective date.
— Relating to taxes imposed upon corporations; prescribing an effective date.

HB2156 Relating to state finance; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Increases corporate excise tax rates

Fee increases

HB2080 Relating to fees assessed by the State Marine Board.
— Increases certain fees assessed by State Marine Board.

HB2402 Relating to aviation fuel; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
— Increases aviation fuel taxes increased by House Bill 2075 (chapter 700, Oregon Laws 2015), and makes increases and distributions of increased revenue permanent

HB2159 Relating to inhalants; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
–– Imposes tax on distribution of inhalant product based on percentage of wholesale sales price.

HB2158 Relating to taxation of cigars; prescribing an effective date.
— Removes per cigar limitation on cigar tax.

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### the list will be adjusted as we delve into the numbers