Amend Special Taxes Code to conform to Oregon Revised Statute 314.835 (amend Code Sections 6.04.130, 6.05.070, 6.09.040, and add Code Section 6.04.135)

The City of Portland ordains.Section 1. The Council finds:The 2024 Oregon Legislature passed, and the Governor signed, House Bill 4031 amending ORS 314.835 regarding confidentiality of tax return information. These changes became effective on March 28, 2024.ORS 314.835 contains Oregon's tax return confidentiality law which prohibits sharing any tax return information unless specifically provided in law. As amended by House Bill 4031, ORS 314.835 now applies the same manner to local governments for the tax returns of certain types of taxes.The intent of House Bill 4031 is to align state and local government treatment of sensitive tax return information.Amending City Code per Exhibit A will reflect that alignment. It will provide clear guidance to taxpayers, tax professionals, City staff, and others regarding the confidentiality of tax return information. It will also provide clear guidance regarding who tax return information may be shared with, what types of tax return information can be shared, and the purpose for sharing any tax return information.The business and personal income tax codes have previously been updated to reflect the change in this state law. This is the final tax to be updated to conform to this state law. NOW, THEREFORE, the Council directs:Amend City Code Sections 6.04.130, 6.05.070, and 6.09.040 as shown in Exhibit A.Add City Code Section 6.04.135 as shown in Exhibit A.