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OR HB3518
Bill
Status
Failed
6/27/2025
Primary Sponsor
Revenue
Click for details
AI Summary
- Increases the county recording fee credited to the County Assessment and Taxation Fund from $10 to $19, with $18 of that fee going to the fund
- Indexes the recording fee to inflation annually based on the Consumer Price Index for All Urban Consumers (West Region), rounded to the nearest fifty cents
- Directs 0.3 percent of all property tax collections (excluding bond levy moneys) to be credited to the County Assessment and Taxation Fund before distribution to taxing units
- Appropriates $10,000,000 from the General Fund to the Department of Revenue for deposit in the County Assessment and Taxation Fund for the 2025-2027 biennium
- Takes effect on the 91st day following adjournment of the 2025 legislative session
Legislative Description
Relating to funding county assessment functions; 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
Committee Referrals
Revenue2/19/2025
Emergency Management, General Government, and Veterans2/7/2025
Full Bill Text
No bill text available