The price for reparations has been set in the state of Oregon...$123k, tax free

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Relating to reparations for slavery.

Be It Enacted by the People of the State of Oregon:

SECTION 1. (1) The Department of Revenue shall establish a program to pay reparations to Black Oregonians who can demonstrate heritage in slavery and who submit an application to the department no later than December 31, 2022.

(2) A person is eligible for reparations under this section if the person demonstrates that the person:

(a) Is descended from an American slave;

(b) Has identified as African-American on legal documents for at least 10 years before the date of the application;

(c) Is at least 18 years of age, an emancipated minor or a ward, as defined in ORS 419A.004, whose parents are deceased or for whom parental rights have been terminated and have not been reinstated; and

(d) Has resided in Oregon for at least two years before the date of the application.

(3) The department shall pay to each eligible applicant the amount of $123,000 in the form of an annuity payable annually for the life of the applicant.

(4) Reparations paid under this section and the right of a person to an annuity under this section are exempt from garnishment and all state, county and municipal taxation, except as provided under ORS chapter 118, are not subject to execution, garnishment, attachment or any other process or to the operation of any bankruptcy or insolvency law and are unas- signable.

(5) The department may adopt rules to implement this section.

81st OREGON LEGISLATIVE ASSEMBLY--2021 Regular Session

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