Bill
Bill > HB3947
OR HB3947
Relating to use of surplus revenues for wildfire funding; declaring an emergency; providing for revenue estimate modification that requires approval by a two-thirds majority.
summary
Introduced
03/20/2025
03/20/2025
In Committee
03/20/2025
03/20/2025
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
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 help against wildfire. (Flesch Readability Score: 64.9). 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 funding wildfire prevention and response. Provides for the return to taxpayers of surplus revenue over the adjusted estimate amount if the constitu- tional threshold is exceeded. Declares an emergency, effective on passage.
AI Summary
This bill modifies Oregon's approach to state revenue estimation and allocation, specifically focusing on wildfire funding. The legislation increases the estimated General Fund revenue for the 2023-2025 biennium to $24 billion, excluding corporate income and excise taxes. If actual revenues exceed the estimate, the surplus will be transferred to the State Fire Marshal Fund for wildfire prevention and response. However, if the actual revenues exceed the estimate by 2% or more, taxpayers will receive a refund through the personal income tax system, and a portion of the surplus will still be allocated to wildfire efforts. The bill includes an emergency clause, making it effective immediately upon passage, reflecting the urgent need to address wildfire risks in Oregon. By creating this mechanism, the legislation aims to both protect taxpayers and provide critical funding for wildfire mitigation and response, balancing fiscal responsibility with public safety needs.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
House Climate, Energy, and Environment Work Session (08:00:00 4/8/2025 HR F) (on 04/08/2025)
Official Document
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