OR HB3039 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Requires addition to federal taxable income of amounts excluded as gain attributable to investment in federal qualified opportunity zone. Requires addition to federal taxable income of amounts excluded as gain attributable to investment in federal qualified opportunity zone. Allows subtraction in later tax year if gain is temporarily deferred at federal level. Applies to tax years beginning on or after January 1, 2023. Takes effect on 91st day following adjournment sine die.
Title
Relating to opportunity zones; prescribing an effective date.
Sponsors
Rep. Andrea Valderrama [D] | Rep. Robert Nosse [D] | Rep. Farrah Chaichi [D] | Rep. Mark Gamba [D] |
Rep. Zach Hudson [D] | Rep. John Lively [D] | Rep. Travis Nelson [D] | Sen. Khanh Pham [D] |
Roll Calls
2023-05-16 - House - House Committee Without recommendation as to passage and be referred to Tax Expenditures (Y: 4 N: 2 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-06-25 | House | In committee upon adjournment. |
2023-05-23 | House | Public Hearing held. |
2023-05-17 | House | Referred to Tax Expenditures by order of Speaker. |
2023-05-17 | House | Without recommendation as to passage and be referred to Tax Expenditures. |
2023-05-16 | House | Work Session held. |
2023-03-21 | House | Public Hearing held. |
2023-01-16 | House | Referred to Revenue. |
2023-01-09 | House | First reading. Referred to Speaker's desk. |