(1) The goals of the Legislative Assembly are to achieve for the people of this state a tax system that recognizes:\n(a) Fairness and equity as its basic values; and\n(b) That the total tax system should use seven guiding principles as measures by which to evaluate tax proposals.\n(2) Those guiding principles are:\n(a) Ability to pay;\n(b) Fairness;\n(c) Efficiency;\n(d) Even distribution;\n(e) The tax system should be equitable where the minimum aspects of a fair system are:\n(A) That it shields genuine subsistence income from taxation;\n(B) That it is not regressive; and\n(C) That it imposes approximately the same tax burden on all households earning the same income;\n(f) Adequacy; and\n(g) Flexibility.\n(3) To meet those goals of Oregon’s tax system, any tax must be considered in conjunction with the effects of all other taxes on Oregonians. [1991 c.457 §1a; 2017 c.315 §22]\nNote:\n316.003 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 316 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
Oregon Legal Code