House Bill 3427

<i>Directs Department of Education to conduct study to examine best methods for funding state's system of kindergarten through grade 12 public education.</i>] <i>Directs department to submit report to interim committee of Legislative Assembly no later than September 15, 2020.</i>] <b>Establishes Fund for Student Success. Specifies uses of fund, including transfers to State School Fund, Student Investment Account, Statewide Education Initiatives Account and Early Learning Account. Directs moneys to be transferred to State School Fund from Fund for Student Success. Increases fiscal year limit for transfers from State School Fund to High Cost Disabilities Account. Establishes Student Investment Account for purpose of distributing grants to school districts and certain public charter schools. Prescribes allowed uses for grant moneys, grant application requirements, inclusion of performance growth targets into grant agreements, calculation of grant amounts and accountability measures. Directs Department of Education to provide technical assistance related to grants, including coaching programs for grant recipients that did not meet performance growth targets and intensive program for high needs school districts. Directs department to make annual report to committees of Legislative Assembly related to education. Establishes Statewide Education Initiatives Account. Prescribes allowed uses of account. Provides for expansion of school breakfast and lunch programs, operation of youth reengagement system, establishment of Statewide School Safety and Prevention System, development and provision of statewide equity initiatives, provision of summer learning program for certain schools and funding for early warning system for high school graduation and directs Department of Education to fund those programs through account. Directs department and Educator Advancement Council to develop plan funded by account that would provide effective combination of programs and initiatives for professional development of educators. Establishes Early Learning Account. Prescribes allowed uses of account. Establishes Early Childhood Equity Fund. Provides for early childhood support grant program, to be funded by account. Decreases personal income tax rates. Imposes corporate activity tax, to be measured by commercial activity, defined as total amount arising from person's transactions and activity in regular course of business. Exempts persons with taxable commercial activity of $1 million or less. Defines additional excluded persons exempt from corporate activity tax. Allows subtraction for percentage of taxpayer's cost inputs or labor costs. Includes provision for sourcing of commercial activity to state. Requires persons and unitary groups with commercial activity above threshold to register with Department of Revenue. Preempts local government imposition of taxes upon commercial activity or receipts from grocery sales, other than existing taxes. Transfers net revenues from corporate activity tax to Fund for Student Success. Defines terms. Applies to tax years beginning on or after January 1, 2020. Takes effect on 91st day following adjournment sine die.</b>

In the House of Representatives

• Revenue20–38

  May 1 · 2 present

• House of Representatives, third reading37–21

  Passed · May 1 · 2 present

• Senate, third reading18–11

  Passed · May 13 · 1 present

• Senate, third reading10–17

  May 15 · 3 present

• House of Representatives committee amendmentAdopted

  Adopted Apr 29

l9n doesn't hold this bill's text yet.

In the House of Representatives Apr 9 – May 1

1. Apr 9Introduced
2. Apr 10Sent to Student Success
3. Apr 16Heard in Student Success
4. Apr 18Heard in Student Success
5. Apr 23Heard in Student Success
6. Apr 25Heard in Student Success
7. Apr 29Heard in Student Success
8. Student Success recommended it as amended
9. Apr 30Read a second time
10. May 1Read a third time
11. Passed the House of Representatives, 37 to 21

In the Senate May 2 – May 13

1. May 2Arrived in the Senate
2. Sent to Student Success
3. May 6Student Success recommended it
4. Read a second time
5. May 13Passed the Senate, 18 to 11

To the Governor May 15 – May 24

1. May 15Signed in the House of Representatives
2. Signed in the Senate
3. May 16Signed by the Governor
4. May 24Became chapter 122 of Oregon Laws 2019, in force from September 29, 2019