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Legislative Revenue Office briefs House economic committee on Oregon tax system and business taxes
Summary
Chris Alenak, director of the Legislative Revenue Office, gave a high-level briefing on Oregon’s tax system, explaining the major state and local revenue sources, business tax types (corporate income/excise, corporate activity tax), and property-tax history including Measure 5 and Measure 50.
Chris Alenak, director of the Legislative Revenue Office, told the House Committee on Economic Development and Small Business and Trade on Feb. 24 that the office provides nonpartisan revenue analysis and produces an annual reference, Oregon Public Finance: Basic Facts, to orient policymakers on state tax programs.
"We are a separate agency. We are not LFO and we are not LPRO," Alenak said, describing the LRO’s role in preparing revenue impact statements and staffing revenue committees. He said the office has a small team of economists divided by tax program and that most bills do not affect the tax system.
Alenak walked committee members through…
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