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OR HB3947
Bill
Status
6/27/2025
Primary Sponsor
John Lively
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AI Summary
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Increases the revenue estimate for the 2023-2025 biennium to $24 billion for General Fund sources (excluding corporate income and excise taxes) under Article IX, section 14(6)(a) of the Oregon Constitution
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Redirects surplus revenue (the difference between actual collections and the original constitutional estimate) to the State Fire Marshal Fund for wildfire prevention and response
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Returns money to personal income taxpayers only if actual revenues exceed the new $24 billion estimate by 2% or more
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Requires two-thirds legislative majority for passage due to the revenue estimate modification
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Declares an emergency, making the act effective immediately upon passage
Legislative Description
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.
Last Action
In committee upon adjournment.
6/27/2025