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OR SB518

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

David Smith

Click for details

Origin

Senate

2025 Legislative Measures

AI Summary

  • Counties listed in a Secretary of State audit report as being at high risk of financial distress must withhold 3% of property tax distributions to taxing districts within the county
  • Withheld amounts must be deposited in the county's general fund and used solely to fund the county assessor's office
  • Withholding requirement ends when a county is no longer listed as high risk in a subsequent audit report
  • Applies to property tax distributions made on or after July 1, 2025, for property tax years beginning on or after July 1, 2025
  • Takes effect on the 91st day following adjournment of the 2025 regular legislative session

Legislative Description

Relating to county property tax collection; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Finance and Revenue1/17/2025

Full Bill Text

No bill text available