Oregon House Bill 2076 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Unknown
Status: Failed on July 6 2015 - 100% progression
Action: 2015-07-06 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Provides that corporate minimum tax may not be reduced, paid or otherwise satisfied by use of tax credits. Modifies provisions allowing for optional reduced rates of personal income tax on nonpassive income attributable to partnership or S corporation by limiting amount of income for which reduced rate may be claimed and by decreasing number of annual hours of work required for employee of entity. Requires, for Oregon corporate excise or income tax purposes, addition to federal taxable income of amount of employee compensation over prescribed limit. Raises rates of personal income and corporate excise or income tax. Applies to tax years beginning on or after January 1, 2016. Takes effect on 91st day following adjournment sine die.

Relating to taxation; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.

No sponsor information available at this time.

Date	Chamber	Action
2015-07-06	House	In committee upon adjournment.
2015-02-16	House	Public Hearing held.
2015-01-16	House	Referred to Revenue.
2015-01-12	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2015R1/Measures/Overview/HB2076
Text	https://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/HB2076/Introduced