Oregon House Bill 2274 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

For purposes of corporate tax apportionment calculations, replaces sales factor with receipts factor. Defines "receipts" to mean gross receipts received from transactions and activity occurring in taxpayer's regular course of business, with certain exclusions. In determination of receipts factor, provides that sales other than sales of tangible personal property are in state if taxpayer's market for sales is in state. Enumerates conditions in which market for sales is deemed to be in state. Applies to tax years beginning on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.

Relating to corporate apportionment; prescribing an effective date.

No sponsor information available at this time.

Date	Chamber	Action
2017-07-07	House	In committee upon adjournment.
2017-02-06	House	Public Hearing held.
2017-01-17	House	Referred to Revenue.
2017-01-09	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2017R1/Measures/Overview/HB2274
Text	https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/HB2274/Introduced