The Oregon Tax Sharing Agreement is a legal document that governs the allocation and distribution of tax revenues among various governmental entities within the state of Oregon. It aims to promote equity and collaboration among these entities while ensuring efficient and effective use of tax resources. One type of Oregon Tax Sharing Agreement is the Inter-governmental Agreement (IGA). This agreement is established between the state government and local governments, such as counties, cities, or school districts. The IGA outlines how tax revenues collected at the state level will be distributed to the local governments based on predefined formulas or criteria. Another type of Oregon Tax Sharing Agreement is the Revenue Allocation District (RAD). Rads are formed to support specific initiatives or projects within a designated area. It allows the participating entities to collaborate and pool their tax revenues to finance infrastructure development, economic revitalization, or community improvement projects. The Oregon Tax Sharing Agreement typically involves the distribution of various types of taxes, including income tax, property tax, sales tax, and corporate tax. These taxes are collected by the state government and then allocated to the relevant jurisdictions according to the agreed-upon sharing formula or agreement. The purpose of the Oregon Tax Sharing Agreement is to ensure that tax revenues are shared fairly among the participating entities, taking into consideration factors such as population, economic growth, and the provision of public services. It is intended to create a more balanced and efficient tax system, promote regional cooperation, and foster economic development within the state.