Sen. Jeff Golden

Temporarily disallows certain tax expenditures. Requires personal income taxpayers and corporate excise and income taxpayers to add back amounts excluded or deducted on federal return. Disallows elective lower rate on pass-through income. Applies to tax years beginning on or after January 1, 2022, and before January 1, 2024. Temporarily disallows certain property tax exemptions. Applies to property tax years beginning after July 1, 2021, and before July 1, 2023. Advances sunset for property tax exemption for long term rural enterprise zone. Applies to property tax years beginning before July 1, 2021. Takes effect on 91st day following adjournment sine die.

Directs Department of Revenue to study possible methods of taxation for funding prevention and suppression of wildfires in Oregon and to report its findings to interim committees of Legislative Assembly related to revenue on or before September 15, 2022. Sunsets January 2, 2023. Takes effect on 91st day following adjournment sine die.

Establishes ranked choice voting as voting method for selecting winner of nomination for and election to nonpartisan state offices and county and city offices except where home rule charter applies. Establishes ranked choice voting as voting method for selecting winner of nomination by major political parties for federal and state partisan offices.

Directs Water Resources Department to study water resource management and provide results of study in report to interim committees of Legislative Assembly no later than September 15, 2022. Sunsets January 2, 2023. Takes effect on 91st day following adjournment sine die.

Requires State Forestry Department to study and make recommendations to interim committee of Legislative Assembly regarding efficacy of prescribed burns. Sunsets January 2, 2023. Takes effect on 91st day following adjournment sine die.

Provides that Attorney General and ] court must presume that resolution agreement that ends dispute over alleged infringement of patent or violation of other protection for protected drug has anticompetitive effects if alleged infringer receives item of value as part of or in connection with resolution agreement or if alleged infringer agrees to limit or stop researching, developing, manufacturing, marketing or selling competing drug. Specifies basis on which party to resolution agreement may overcome presumption. Provides that Attorney General may bring action to recover civil penalty for violations of Act in amount that is equivalent to three times value of item of value that alleged infringer received or $10 million per violation , whichever is greater. Takes effect on 91st day following adjournment sine die. ].

Disallows, for purposes of personal income taxation, mortgage interest deduction. Applies to tax years beginning on or after January 1, 2021. Establishes credit against personal income taxes for mortgage interest. Applies to tax years beginning on or after January 1, 2021, and before January 1, 2028. Takes effect on 91st day following adjournment sine die.

Requires at least two commissioners of Oregon Liquor Control Commission to have public health background. Declares emergency, effective on passage.

Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale. Phases out allowable deduction for interest for principal residence based upon income. Disallows deduction for principal residence above threshold income amount. Establishes Oregon Housing Opportunity Account. Transfers amount equal to estimated increase in revenue attributable to restrictions on deduction of mortgage interest to account. Applies to tax years beginning on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.

Prohibits candidates for state office from accepting contributions in excess of amounts specified and from sources not specified. Prohibits certain political committees from accepting contributions in excess of amounts specified and from sources not specified. Creates small donor committee.