2007 excise tax orientation senate

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Information about 2007 excise tax orientation senate
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Published on February 28, 2008

Author: Laurie

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Consumption and Excise Taxes:  Consumption and Excise Taxes 2007 Orientation Excise Taxes:  Excise Taxes Tobacco Alcoholic Beverages Telecommunications Fuel and Weight Mile Transient Lodging Tax Tobacco Revenues:  Tobacco Revenues Cigarette Taxes Other Tobacco Products Taxes Master Settlement Agreement Cigarette Tax Rate:  Cigarette Tax Rate Measure 20 of 2002 Measure 44 of 1996 Measure 30 in 2004 State Excise Tax Rates:  State Excise Tax Rates Oregon # 16 @ $1.18 Per Pack as of January 1, 2006 Sales + Excise Taxes:  Sales + Excise Taxes Oregon # 20 @ $1.18 Per Pack as of January 1, 2006 2005-06 Revenue:  2005-06 Revenue $222 Million Distribution Proportions (Percents):  Distribution Proportions (Percents) Cigarette Tax Revenue Forecast:  Cigarette Tax Revenue Forecast $26.2 $13.1 $328.3 $87.5 $468 Measure 20 of 2002 Measure 30 of 2004 $472.2 Cigarette Consumption:  Cigarette Consumption Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Price Per Pack in Cents:  Price Per Pack in Cents Price Per Pack in Cents:  Price Per Pack in Cents Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Taxed Distributions:  Taxed Distributions Cigarettes Packs in Hundreds of Millions Other Tobacco Products:  Other Tobacco Products 2001: Cigars limited to $0.50 each Tax on Cigars:  Tax on Cigars 2005-06 OTP Revenue:  2005-06 OTP Revenue $ 31.2 Million Total Tobacco Revenue Cigarettes and OTP:  Total Tobacco Revenue Cigarettes and OTP Master Settlement Agreement:  Master Settlement Agreement 47 States Cigarette Manufacturers 4 Original Participating (96.4%) Subsequent Participating Non-Participating Annual Payments in Perpetuity Subject to Adjustments Estimated Payments:  Estimated Payments Millions of Dollars Payments:  Payments Millions of Dollars Alcoholic Beverages:  Alcoholic Beverages Beer & Cider (Malt Beverages) Wine Distilled Spirits BEER TAX RATES:  BEER TAX RATES 8.38 Cents /Gal State Rates (Excise) as of 1/1/06:  State Rates (Excise) as of 1/1/06 Dollars per Gallon Oregon # 48 @ $0.084 State Rates (Excise + Sales) as of 1/1/04:  State Rates (Excise + Sales) as of 1/1/04 Dollars per Gallon Oregon # 51 @ $0.084 2005-06 Beer Tax:  2005-06 Beer Tax $7.02 Million Dollars Beer Tax Revenue:  Beer Tax Revenue Millions of Dollars Wine Tax Rates:  Wine Tax Rates Dollars per Gallon State Wine Tax Rates:  State Wine Tax Rates Oregon # 24 @ $0.67 Dollars per Gallon as of January-2006 State Wine & Sales Tax Rates:  State Wine & Sales Tax Rates Oregon # 47 @ $0.67 Dollars per Gallon as of January-2006 2005-06 Wine Tax Revenue:  2005-06 Wine Tax Revenue $ 7.77 Million Wine Tax Revenue (History):  Wine Tax Revenue (History) Millions of Dollars OLCC Liquor Markup:  OLCC Liquor Markup OLCC Sales:  OLCC Sales Cases & Population in Millions, Sales in Hundreds of Millions 2005-06 OLCC Revenue:  2005-06 OLCC Revenue $ 344.7 Million in Total Revenue DISTRIBUTION FORMULA:  DISTRIBUTION FORMULA Privilege Tax 2¢ of Wine Tax to Wine Board (1984) Balance of Wine Tax + Beer Tax 50% to Mental Health 50% included in OLCC Distribution OLCC Net Revenue 56% to State General Fund 10% to Counties by Population 20% to Cities by Population 14% to Cities by Formula (1977) (ORS 221.770) 2005-06 Total OLCC Revenue Distributions:  2005-06 Total OLCC Revenue Distributions $139.7 Million Distributed OLCC Distributions (Historically):  OLCC Distributions (Historically) Millions of Dollars 9-1-1 Emergency Access Tax:  9-1-1 Emergency Access Tax 1981: 3% of Access Charge 1991: 5% of Access Charge (Temp.) 1995: $0.75 per Month per circuit 9-1-1 Revenue:  9-1-1 Revenue Millions of Dollars Fuel Taxes:  Fuel Taxes Gasoline (any fuel the chief use of which is for) Propulsion of Motor Vehicle (24¢) Propulsion of Aircraft Piston (9¢) Jet (1¢) Diesel, CNG, & etc. (used to) Propel a Motor Vehicle (24¢) Weight-Mile Tax (vehicles > 26,000 pounds) Flat Fees Road Use Assessment Fee Motor Vehicle Fuel Tax Rates:  Motor Vehicle Fuel Tax Rates Cents per Gallon Real: Is in 2000 dollars Fuel Tax Revenue:  Fuel Tax Revenue Millions of Dollars Weight-Mile Taxes:  Weight-Mile Taxes Table A: 26,000 to 80,000 Pounds Graduated Based on Weight $0.0364 per Mile @ 26,000 Pounds $0.1197 per Mile @ 80,000 Pounds Table B: 80,000 to 105,500 Pounds Graduated based on Weight and Axles In Lieu (Flat Fees) Log, Sand & Gravel, and Chip Trucks Road Use Assessment Fee Weight-Mile Tax Rates Adjusted for 2003 law changes:  Weight-Mile Tax Rates Adjusted for 2003 law changes Cents per Mile Declared Vehicle Weight In Lieu Taxes:  In Lieu Taxes Flat Fees Log Trucks $6.10 per Hundred Weight Farm Trucks $5.00 per Hundred Weight Dump Trucks $6.05 per Hundred Weight Chip Trucks $24.62 per Hundred Weight Road Use Assessment Fee 5.7¢ per ESAL* Mile equivalent single-axle load” means the relationship between actual or requested weight and an 18,000 pound single-axle load as determined by the American Association of State Highway and Transportation Officials Road Tests reported at the Proceedings Conference of 1962. (ORS 818.225) Weight-Mile Tax Revenue:  Weight-Mile Tax Revenue Millions of Dollars Transient Lodging Tax:  Transient Lodging Tax HB 2267 of the 2003 session Imposes a state wide 1% tax on transient Lodging DOR administers, transfers net of collection cost (max 2%) to Tourism commission Fund State tourism marketing and regional marketing program Lodging providers collect and keep 5%. Start January 1, 2004, and transmit quarterly Limits new local taxes to tourism related taxes (70%) Transient Lodging Tax:  Transient Lodging Tax Revenue Estimates in millions (at start time by LRO) 03-05 05-07 07-09 $16.46 $20.41 $22.51 First year 2004 actual were weak $1.5 million, FY 2005 $8.4 million, and FY 2006 is closing on $9.24 million Transient Lodging Tax:  Transient Lodging Tax Effective Tax Rate 7.7% LOTTERY:  LOTTERY The voluntary tax OREGON STATE LOTTERY:  OREGON STATE LOTTERY Terminology History Net Proceeds Traditional Video Transfers Issues LOTTERY TERMINOLOGY:  LOTTERY TERMINOLOGY Revenue Game Other (interest and unclaimed prizes) Prizes Net Receipts = Game Revenue Less Prizes Expense Game Operating Contingency Reserves Net Proceeds = Net Receipts Less Expense LOTTERY HISTORY:  LOTTERY HISTORY 1984 Created by Initiative Petition Traditional Games Net Proceeds Dedicated to Economic Development 1989 Legislative Action Created Sports Action Lottery Authorized Video Lottery (suspended by Governor) 1991 Legislative Action Implemented Video Lottery, prohibited private lotteries Dedicated 2.5% of Net Receipts to counties 1995 Referred Measure # 21 Added “financing public education” as allowable use Gave lottery bonds first claim on revenue Dedicated 15% of Net Proceeds to Education Endowment Fund 1998 Initiative Petition (Ballot Measure # 66) Dedicated 15% of Net Proceeds to Parks, Beaches, and Watershed Protection Lottery History (cont.):  Lottery History (cont.) 1999 Legislative Action Dedicated not less than 1% of Video Net Proceeds to Problem Gambling 2002 (3rd SS) Legislative Referral Converts EDF to Education Stabilization Fund (ESF) Lottery Dedication Increased, Conditionally If Fund Balance < 5% of GF, 18% to ESF Else 15% to School Capital Matching Subaccount Allows Appropriation of Principal, Conditional 3/5 Vote Plus Specified Economic Conditions or Emergency 2005 Legislative Action Repealed Sports action and like games. Dedicated 1% of Net Proceeds to Collage athletic programs. Traditional Lottery Games 2005-06 Net Receipts:  Traditional Lottery Games 2005-06 Net Receipts $123.6 million TRADITIONAL GAME REVENUE:  TRADITIONAL GAME REVENUE Million TRADITIONAL GAME REVENUE Percentages:  TRADITIONAL GAME REVENUE Percentages VIDEO LOTTERY:  VIDEO LOTTERY VIDEO LOTTERY REVENUE:  VIDEO LOTTERY REVENUE Million VIDEO LOTTERY REVENUE Percentages:  VIDEO LOTTERY REVENUE Percentages TOTAL LOTTERY REVENUE:  TOTAL LOTTERY REVENUE Million TOTAL LOTTERY REVENUE Percentages:  TOTAL LOTTERY REVENUE Percentages LOTTERY TRANSFERS:  LOTTERY TRANSFERS Millions of Dollars 2007-09 Lottery Distributions:  2007-09 Lottery Distributions $1,304.3 Million ISSUES:  ISSUES Line Games Video Payout Percentage Retailer Compensation Lottery Expense Line Games:  Line Games Lottery (Line Games) explosive growth 2003-05 $60 million < $80 2005-07 $230 million > $ 130 2007-09 $ 270 million predicted 30% growth for how long?? Video Prize Percent:  Video Prize Percent Annual Growth: Video:  Annual Growth: Video Video Compensation Rates:  Video Compensation Rates Annual Net Receipts Rate Up to 200,000 35% 200,000 to 400,000 30% 400,000 to 600,000 25% Over 600,000 20% Average 32% OLD Rates Video Compensation Rates:  Video Compensation Rates Annual Net Receipts Rate 3-Tier Option Up to 175,000 32.5% 175,000 to 475,000 26.0% Over 475,000 17.0% 2-Tier Option Up to 650,000 26.0% Over 650,000 19.0% Estimated Overall Blended Rate 28% to 29% New Rates 2004 Poker only Video Compensation Rates:  Video Compensation Rates Annual Net Receipts Rate 4-Tier Option Up to $175,000 29% $175,000 to $475,000 24% $475,000 to $800,000 15% $800,000 and up 12% 3-Tier Option Up to $600,000 23.0% $600,000 to $1,800,000 18.5% $1,800,000 and up 12.0 % Estimated Overall Blended Rate 22% to 26% New Rates Video (2005) Poker and Line Video Compensation Rates:  Video Compensation Rates Annual Net Receipts Rate 4-Tier Option Up to $175,000 27.5% $175,000 to $475,000 23% $475,000 to $800,000 14% $800,000 and up 11% 3-Tier Option Up to $600,000 22% $600,000 to $1,800,000 17.5% $1,800,000 and up 11% Estimated Overall Blended Rate 21% to 25% In 2007 if sales exceed $805,000 because of line games, then Rates change Retailer Compensation:  Retailer Compensation One view of Revenue Retailer Compensation:  Retailer Compensation Another view of Revenue Retailer Compensation:  Retailer Compensation Lottery Expense Percents:  Lottery Expense Percents

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