Relating to revenue estimates; prescribing an effective date.

Summary

The bill directs the Department of Administrative Services, with the Department of Revenue, to calculate a low‑end revenue estimate each year by August 15 and to issue quarterly updates. If actual revenues later exceed those estimates by at least two percent, the surplus is either kept for extra K‑12 education funding (for corporate and excise tax gains) or returned to personal‑income taxpayers as a credit. The measure aims to improve fiscal transparency and give Oregonians a direct share of unexpected revenue gains.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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