Oregon House Bill 2840 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Failed on June 26 2021 - 100% progression
Action: 2021-06-26 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Temporarily disallows certain tax expenditures. Temporarily disallows certain tax expenditures. Requires personal income taxpayers and corporate excise and income taxpayers to add back amounts excluded or deducted on federal return. Disallows elective lower rate on pass-through income. Applies to tax years beginning on or after January 1, 2022, and before January 1, 2024. Temporarily disallows certain property tax exemptions. Applies to property tax years beginning after July 1, 2021, and before July 1, 2023. Advances sunset for property tax exemption for long term rural enterprise zone. Applies to property tax years beginning before July 1, 2021. Takes effect on 91st day following adjournment sine die.

Relating to disallowance of tax expenditures; prescribing an effective date.

Rep. Khanh Pham [D]

Sen. Michael Dembrow [D]

Sen. Jeffrey Golden [D]

Date	Chamber	Action
2021-06-26	House	In committee upon adjournment.
2021-01-19	House	Referred to Revenue.
2021-01-11	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2021R1/Measures/Overview/HB2840
Text	https://olis.oregonlegislature.gov/liz/2021R1/Downloads/MeasureDocument/HB2840/Introduced