[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6200902,"mediaKeyId","3805299-adfe15030219307608aee00c77fcf85d","parentId",3805299,"title","Committee adopts amendment shifting transient lodging tax split to 40/60 baseline; bill moves to floor","audioSeconds",1562,"startMs",928000,"endMs",2490000,"viewUrl","/Search/View?dp=1&key=3805299-adfe15030219307608aee00c77fcf85d&start=928&end=2490","thumbnailUrl","https://assets.pipeline.soar.com/3805299-adfe15030219307608aee00c77fcf85d/thumbnail_928000.jpg","articleUrl","/articles/6200902/Oregon/Committee-adopts-amendment-shifting-transient-lodging-tax-split-to-4060-baseline-bill-moves-to-floor","mediaUrl","https://secure.pipeline.soar.com/6200902-af404d1d05d4aa094a4ac86a9e2be075/orig.mp4?Expires=1775652540&Signature=ZTQPGCMXYkyv7YjHQYmkC-~p2cxCWqlCXSmbXhPO2TqfdVbeuuD4gjCq7i4TbHaDe0D4A8BV8B2gDtQh6l8QOkSqp5fSFbLUEa2WTa2EPRItvqcJEU4saw3GgDhpShJTEYLctYLnL5nyJgXyxbUolERFZ7M-r2Su27DO1oC5ZhZ4MxxAIFSSDPSuxn8mt8-ajNl16EcaJGj-fYs1nfRLPXcKcDX61GMwHT7httMN2FRgzB-qh-PQzziuQVHvbQITFfEeC-EzJjnpuV~9dyBfhvrVQ883HlIMsbpqOEcb9ZyxzDk7H6ERk6fRhITtd02kFQIXqq2OwwQPOpeKlMHffA__&Key-Pair-Id=KUT5TJCACFTXG","author","Oregon Legislature","date","2025-06-12T00:00:00Z","article","The House Committee on Revenue on June 12 adopted the dash-14 amendment to House Bill 3962 and advanced the bill to the floor with a due-pass recommendation. The dash-14 amendment establishes a baseline distribution for local transient lodging tax (TLT) revenues: at least 40% must be used for tourism promotion or tourism-related facilities and no more than 60% may be used for city or county services. The amendment becomes operative Jan. 1, 2026.

Why it matters: The change reduces the statutory minimum for destination marketing organizations compared with prior law (which locked in at least 70% for tourism promotion for taxes in effect after July 1, 2003). Committee members and legislative counsel said the amendment also clarifies treatment of local governments that adopted TLTs before July 1, 2003 and allows units of local government to opt into the new split going forward.

Key clarifications from legislative counsel Alan Dale: “Tourism promotion means advertising, publicizing, distributing information to attract and welcome tourists, conducting strategic planning and research to stimulate future tourism, conduct operating tourism promotion agencies, and marketing special events and festivals.” He continued that a “tourism related facility is a conference center, convention center, or visitor information center, and other improved real property for useful life of 10 or more years to substantial purpose of supporting tourism or accommodating tourist activities.”

Legislative counsel and staff confirmed other mechanics: the amendment applies to both previously grandfathered local TLTs and to new or increased local TLTs adopted after the amendment; the 40% is a minimum and the 60% cap on city/county services is a maximum; the tax collection fee retained by providers (typically 5%) is unchanged; and LRO and OLIS fiscal materials reported no fiscal impact.

Committee debate and votes: Several representatives expressed concern about the effect on smaller communities and the timing of the change. Representative Reschke and Representative Smith announced they would vote against the amendment, while Representative Marsh said, “I am going to support the amendment,” and Vice Chair Walters moved the amendment. The committee adopted the dash-14 amendment and then voted to move House Bill 3962, as amended, to the floor with a due-pass recommendation.

What to watch next: The amendment is operative Jan. 1, 2026; local governments that do not presently have a TLT may adopt one in the future and would be subject to the amendment’s distribution rules. Legislative counsel recommended local governments consult ORS definitions for specific allowable uses.

Sources: Staff presentation, legislative counsel Alan Dale, committee roll-call and public hearing record.","mediaType","Video","parentTitle","House Committee On Revenue 06/12/2025 3:00 PM","oneSentenceSummary","The House Committee on Revenue on June 12 adopted the dash-14 amendment to House Bill 3962 and advanced the bill to the floor with a due-pass recommendation.","taxTitle","Revenue, House of Representatives, Committees, Legislative, Oregon","taxId",18093,"location","Oregon","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6200897,"Public hearing held on tax credit to incentivize new Oregon-chartered banks; proponents cite Ohio precedent",952,2521000,3473000,"/Search/View?dp=1&key=3805299-adfe15030219307608aee00c77fcf85d&start=2521&end=3473","https://assets.pipeline.soar.com/3805299-adfe15030219307608aee00c77fcf85d/thumbnail_2521000.jpg","/articles/6200897/Oregon/Public-hearing-held-on-tax-credit-to-incentivize-new-Oregon-chartered-banks-proponents-cite-Ohio-precedent","https://secure.pipeline.soar.com/6200897-1cedea4a34caf06858ba2ffd3f16d84f/orig.mp4?Expires=1775652540&Signature=XYt9HR2jG6tsTtB2hcATeQq2tlgG2w~hhDVdWVNLAnsfD2o20nk6V2iQ~Pg75G~zROOLZJAjwj0~W3m79zi5QjDLA4pJWFE-V~5QX2I9yb7YAhH5mrGKNGyZBBvFqgT1DPnBu6IXfJIUVYflrA00KQ7D0UM1Ma0cDiIpcHJATv7i8Y8pF5Odlm5FJ7BoOJCUrEeuW8CVrGnWiLwvWaEI~ox3UpV4wP1GBcc5r~e6zL6cME4p-XF7-SGmJqTNYd8Z90ZZ94WRQkY4RzusmUtTAEWkM8WMOJgQF9GK1TM4byedvE311UTv1E0jgzOWMvwPMjerHSJQn2nkz4~qLNoN-g__&Key-Pair-Id=KUT5TJCACFTXG","The House Committee on Revenue held a public hearing June 12 on House Bill 3975, which would create a corporate income tax credit for newly chartered Oregon banks. Committee staff described the proposal as a limited, three-year credit that would exempt a qualifying de novo Oregon-chartered bank from corporate income tax liability up to $1 million per year during the initial three tax years.

Why it matters: Supporters said the measure would lower the effective startup cost of forming a new community bank in Oregon and could encourage de novo bank formation in rural and underserved markets. Testimony noted a long-term decline in Oregon-chartered community banks and cited Ohio’s 2020 law, which sponsors said produced new state-chartered banks after that state enacted a similar incentive.

Supporter testimony: Scott Bruin, president and CEO of the Oregon Bankers Association and Community Banks of Oregon, said the measure would “help offset the extraordinary costs of regulatory compliance, technology, staffing, and capital formation that are inherent in starting a bank today.” He added that HB 3975 is modeled on Ohio’s law and said, “House bill 3,975 is a smart growth oriented response to Oregon's community banking challenge, and we know the concept works.”

Tax Fairness Oregon’s John Calhoun said his group supports the bill, noting the proposal is narrowly targeted to state‑chartered de novo banks and that the bill specifically excludes new banks that are formed by reorganizing an existing bank. He said the credit is distinctive and should not be generalized to other startup industries.

Committee discussion noted these facts from testimony: the last new Oregon-chartered bank was formed in 2007 (Lewis & Clark Bank), the number of state‑chartered community banks has declined from the mid‑1990s level of about 54 to 13 today, and the effort is intended to incentivize community-focused, tax‑paying lenders that serve small businesses and rural areas. No committee vote or motion on the bill occurred during the public hearing; the committee closed the hearing and indicated staff and sponsors may continue work on bill language.

What to watch next: The committee did not take final action; if the bill advances, fiscal and eligibility details—including the three-year term and the $1 million annual cap—will be reviewed in subsequent committee work sessions.","The House Committee on Revenue held a public hearing June 12 on House Bill 3975, which would create a corporate income tax credit for newly chartered Oregon banks.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6200907,"House Revenue Committee advances update to stadium-financing statute for prospective Portland MLB team",0,2613000,"/Search/View?dp=1&key=3805299-adfe15030219307608aee00c77fcf85d&start=2613&end=2613","https://assets.pipeline.soar.com/3805299-adfe15030219307608aee00c77fcf85d/thumbnail_2613000.jpg","/articles/6200907/Oregon/House-Revenue-Committee-advances-update-to-stadium-financing-statute-for-prospective-Portland-MLB-team","https://secure.pipeline.soar.com/6200907-9654921c76aa4f04fdb789986f65d3c2/orig.mp4?Expires=1775652540&Signature=oLpEboUylFNnOmRWBaIX9oFPGzWsJySK~6c8STCY-IGFWfHsKIdNnEXfCkUsD6BdkzOOg2o5Asdi9MTOD1xPtSP~AVWkPytAn8JwcjqoNO~6yq3~i5YWQzyUl94MfD0uT7xwWCgKZ3n6ufUWBt18I02jZoz5oeMfzNJrICR3GkloDb82VqTj~gfNvD6eIgUMWRMNxtzzJUnC-OZxhwit1zTKDH48WdwPbPfqITpw08~7y7UceP0aJjjl1qDYkQY78SUqtc8XtTKi3W9X7mCG6EpPoM-aPSYzbVbrHRtAPlCRrioHsgNFN43Ff0y~-KV6WaIYapxOki8WZNO9-wHdEQ__&Key-Pair-Id=KUT5TJCACFTXG","The House Committee on Revenue voted June 12 to move Senate Bill 110 A to the floor with a due-pass recommendation. The bill updates an existing statute from 2003 to raise cost and compensation thresholds that could be used to help finance a prospective Major League Baseball stadium in Portland.

Why it matters: The measure does not commit state dollars today but changes statutory caps and the revenue sources that could be authorized in the future, including using incremental personal income tax receipts tied to player compensation. Committee members said the updates are intended to make the law competitive with modern costs while preserving later legislative and agency scrutiny.

A staff presenter summarized the measure as an update to the existing law and noted the committee had a revenue impact statement and fiscal materials on record. Representative Smith said the bill “will help send that signal” of legislative enthusiasm for Major League Baseball locating in Oregon. Representative Marsh, after reviewing a memo from the Oregon State Treasury, said the memo “was very helpful to me” and that the Treasury and Department of Administrative Services (DAS) will perform due diligence before any agreement is finalized. He added, “So with that input from Oregon State Treasury I'm gonna support the bill.”

Committee members emphasized that the statute is only a framework; they repeatedly noted the legislature and agencies would have opportunities for review before any financing agreement is executed. The chair clarified that the statute does not create a new tax rate or a special “baseball tax,” saying the bill is “just about identifying the taxes that will be paid by people who wouldn't be here if this didn't happen.”

Formal action: Vice Chair Walters moved the bill to the floor with a due-pass recommendation; the motion passed in committee. The motion record available in the transcript shows the motion was made by Vice Chair Walters and that a roll call followed; the committee announced that the motion “passes.” No appropriation or final contract was authorized by the committee vote.

What remains: Committee members and staff said further deliberations, agency due diligence (Treasury, DAS, Department of Revenue), and future budget decisions would be required before any revenue assignment or funding flow could occur. The committee also noted that any decision to continue assigning revenues to a stadium fund would require future legislative budget action.

Sources: Committee staff presentation and committee discussion; memo and fiscal materials from Oregon State Treasury and Department of Administrative Services referenced during the work session.","The House Committee on Revenue on June 12 moved Senate Bill 110 A to the floor with a due-pass recommendation. The bill updates a 2003 statute to raise thresholds used in financing a potential Major League Baseball stadium and clarifies roles for state agencies and the legislature in any future deal.","actionData","errors"]

Article not found

Committee adopts amendment shifting transient lodging tax split to 40/60 baseline; bill moves to floor

Public hearing held on tax credit to incentivize new Oregon-chartered banks; proponents cite Ohio precedent

House Revenue Committee advances update to stadium-financing statute for prospective Portland MLB team