Legislative findings and declarations

# (1)

The Legislative Assembly finds that:

# (a)

As a result of section 11, Article XI of the Oregon Constitution, every property tax exemption or special assessment granted by the Legislative Assembly reduces local resources available for local public services.

# (b)

The Legislative Assembly creates property tax exemptions and special assessments, but cities, counties and special districts bear the cost of those exemptions in forgone property tax revenues.

# (c)

The demand for additional property tax exemptions and special assessments is likely to increase.

# (2)

The Legislative Assembly declares that adverse consequences to cities, counties and special districts may be eliminated by:

# (a)

Providing state funding for new exemptions and special assessments or new expansions of existing exemptions and special assessments; or

# (b)

Reducing or eliminating other existing exemptions at the time exemptions are created or expanded. [1999 c.821 §1]

Note: 306.350 to 306.359 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 306 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.