Monday, June 15, 2009

What's going on in Salem

Taken from resistnet.com, this is a partial list of the things our illustrious state government is proposing to help us out of this recession.

In a word, taxes.

Higher taxes on everything from hospitals to beer (1900% increase) to the rich and to the poor. They are proposing (look for it) an 300% increase in the yearly vehicle registration fee, taxes on the carbon content of fuel providers, and even subverting our state Constitution by allowing local school districts to increase property taxes without a vote of the people.

And these are only what the House is doing. I don't even know about the Senate.

HB 2009 in its current form increases the tax on 25 large hospitals from from .63 percent to 4 percent of net revenue. It sets a new tax on managed care and other health insurance plans at 1.5 percent. (Estimated Impact: $208 million a year)

HB 2067 will sunset tax credits; creating higher taxes for businesses that currently depend on these tax credits. The fiscal impact is unknown and work sessions are currently being held on HB2067 in the House revenue committee. (Estimated Impact: Unknown)

HB2069 reduces the amount of federally deductible medical expense that elderly taxpayers may subtract when determining Oregon taxable income. (Estimated Impact: $15-$20 million)

HB 2072 is a carbon tax; it imposes a tax on each fuel supplier and utility based on the amount of carbon in carbon-based fuel that is sold by fuel suppliers to consumers. Additionally it imposes a carbon tax on energy producers using carbon-generated electricity supplied by utilities to consumers. (Estimated Impact: Unknown)

HB 2075 or HB2122, This session there are several bills that will increase the tax on cigarettes and tobacco products. The cigarette tax would be raised from 29 to 30.5 mills per cigarette. The new tax would be 3.05 cents per cigarette or roughly 60 cents a pack. The tax would be increased from $1.18 to $1.78 cents a pack. The tax on other tobacco products would increase by 25 percent. (Estimated Impact: $112 million for the biennium)

HB 2076 creates higher taxes on healthcare providers (Estimated Impact: Unknown)

HB 2077 reduces federal tax subtractions from $5,500 to $3,000 and from $2,750 to $1,500. LRO estimates this bill will have a first year revenue impact of $121 million. (Estimated Impact: $121 million in first year)

HB2116 Requires insurers to pay a tax as a percent of gross amount of premiums. It is a tax on healthcare insurers. (Estimated Impact: Unknown)

HB 2119 raises the corporate minimum income tax from $10.00 to a sliding scale from $25 up to $5,000. (Estimated Impact: $37 million a year)

HB 2120 would raise the gas tax from 24 cents to 26 cents. It increases the vehicle registration fee from $27 to $81 annually, and creates a first time vehicle title fee of $100. Separate bills in the House would also tax the use of rental cars, and another would raise the tax on air fuel by 2 cents per gallon. (Estimated Impact: $499 million a year)

HB 2461 would increase the tax on a barrel of beer from $2.60 to $49.61. This is a 1,900 percent increase. It is equivalent to $15 cents per 12oz. The industry maintains this will hike the price of a pint of beer by $1.50 and a six pack will cost approximately a buck more. (Estimated Impact: $322 million over the next two years)

HB2649 establishes 7.5 percent Oregon alternative minimum tax for taxpayers with federal adjusted gross income exceeding $125,000. (Estimated Impact: $145 million)

HB 2650 Increases the personal income tax rate for taxpayers with taxable income above certain level. The level has not been specified. (Estimated Impact: Unknown)

HB 2651 would create a 10% tax bracket for individuals with a taxable income of $125,000 and over. (Estimated Impact: $89 million a year)

HB2652 increases personal income tax rate on Oregon families with a taxable income above certain level undetermined. (Estimated Impact: Unknown)


HB 2698 creates new taxes on contributions to employee stock ownership plans exempted from federal taxable income of employees and employers because of federal laws. In other words it creates a new state tax on your retirement plans. (Estimated Impact: Unknown)

The Oregon Legislature will also consider proposals that give local authorities the ability to raise revenue through new taxes and fees. Local governments could have more authority to place taxes on cigarettes (HB2116), impose real estate transfer taxes (SB 396 and HB2473) and would allow certain school districts to increase property taxes (SB555).

Here are some more:

HB 2014: Increases construction tax. Job killer
HB 2068: Increases income tax
HB2070: Increases tax on businesses Job killer
HB 2071: Increases document filling fees
HB 2075: Increases cigarette tax.
HB 2077: Increases income tax
HB 2078: Increases income tax.
HB 2122: Increases tax on tobacco
HB 2159: Increases tax on business
HB 2160: Increases cigarette tax
HB 2379: Creates tax on cigarette distribution
HB 2393: Increase fees for serving legal documents
HB 2431: Increases tax on airplane fuel
HB 2436: Increases fees for deed and mortgage records
HB 2471: Increases tax for seniors
HB 2472: Increase tax on energy bills
HB 2474: Increases property taxes
HB 2616: Increases cigarette tax
HB 2648: Increases federal income tax
HB 2672: Increases tax on tobacco
HB 2696: Tax on bartering exchanges
HB 2697: Increases personal income tax
HB 2711: Tax on civilian federal employees
HB 2712: Increases income tax
HB 2749 :Increases tax on video game devices
HB 2769: Increases tax for farm worker housing
HB 2771: Increasestax for small wineries
HB 2772: Increases tax for seniors this is #3, if you're counting
HB 2773: Increases business tax
HB 2774: Increases income tax
HB 2785: Ceases tax credit for political contributions
HB 2807: Increases tax on businesses
HB 2818: Increases tax on car rentals
HB 2843: Increases tax on income
HB 2844: Creates tax for filing documents
HB 2854: Increases tax on capitol gains
HB 2913 Increases tax on businesses
HB 2934: Creates tax on health insurance
HB 2935: Increases tax on income for shareholders
HB 3049: Increases tax on business
HB 3115: Increases tax on tangible or intangible property
HB 3146: Creates tax on luxury items, ie electronics valued over $1000, sports equip.over$500, real estate other than primary residence, vehicles over $40k, sightseeing flights, submarines.
HB 3148: Increases registration fees for cars.
HB 3272: Increases personal income tax
HB 3291: Increases tax on renewable energy
HB 3303: Creates tax on birdseed.
HB 3309: Increases tax on life insurance
HB 3312: Increases income tax
HB 3398: Creates sales tax ?????
HB 3405: Increases tax on businesses
HB 3406: Increases cigarette tax
HB 3407: Increases tax on alcohol
HB 3411 Tax increase on construction
HB 3412: Increases income tax
HB 3413: Increases tax on businesses
HB 3415: Increases tax on gasoline
HJR 27: Increases income tax
HJR 29: Increases income tax
HJR 48: Increases tax on carbon emissions
HJR 49: Increases tax on oil and natural gas

No comments: