Bill
Bill > HB2752
OR HB2752
OR HB2752Relating to revenue estimates; declaring an emergency; providing for revenue estimate modification that requires approval by a two-thirds majority.
summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act changes the kicker estimate to fund disaster help and UAL relief. (Flesch Readability Score: 63.4). Increases the amount of the estimate of revenues that will be received from General Fund re- venue sources other than corporate income and excise taxes for the biennium beginning July 1, 2023. Requires that the difference between the amount actually collected and the amount estimated after the close of the 2023 regular session be used for disaster preparedness and for application against unfunded actuarial liability of the Public Employees Retirement System. Provides for the return to taxpayers of surplus revenue over the adjusted estimate amount if the constitutional threshold is exceeded. Declares an emergency, effective on passage.
AI Summary
This bill modifies Oregon's revenue estimation and allocation process for the 2023-2025 biennium, increasing the estimated General Fund revenue (excluding corporate income and excise taxes) to $24 billion. If actual revenues exceed this estimate, the bill outlines two potential scenarios: First, if revenues are up to 2% higher, up to 1% can be transferred to the Oregon Military Department for disaster preparedness according to the Oregon Resilience Plan, with the remaining balance applied to reducing the unfunded actuarial liability of the Public Employees Retirement System (PERS). Second, if revenues exceed the estimate by 2% or more, the excess will be returned to personal income taxpayers through a tax refund mechanism, while still allocating funds to disaster preparedness and PERS unfunded liability reduction. The bill declares an emergency, meaning it will take effect immediately upon passage, with the primary goals of improving the state's financial preparedness, addressing potential disaster risks, and reducing long-term pension system obligations.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2752 |
| Open Government Impact Statement for HB2752 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83728 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2752/Introduced |
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