Loading chat...
OR HB2713
Bill
Status
6/27/2025
Primary Sponsor
Paul Evans
Click for details
AI Summary
-
Establishes the Resiliency Requirements Fund for making facilities more resilient to wildfire, extreme weather, flooding, earthquakes, and other disasters, administered by the Oregon Department of Emergency Management in consultation with the State Fire Marshal
-
Establishes the Shaky Day Fund dedicated specifically to earthquake preparedness efforts, funded by transfers from the General Fund ending balance
-
Imposes a 1% surtax on personal income tax liability for tax years 2026-2030, prorated by months worked, with an exemption for taxpayers below federal poverty guidelines
-
Creates an alternative minimum tax of 5% of Oregon adjusted gross income for individuals earning over $500,000 (or $1 million for married filing jointly), if greater than their regular tax liability
-
Requires 1.5% of all state building construction or alteration appropriations to be transferred to the Resiliency Requirements Fund, with three-quarters designated for local government projects and one-quarter for state projects
Legislative Description
Relating to funding for calamity preparation; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Last Action
In committee upon adjournment.
6/27/2025