OR SB158 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Unknown
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]
Spectrum: Unknown
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]
Summary
Extends sunsets for pass-through business alternative income tax and related personal income tax credit. Extends sunsets for pass-through business alternative income tax and related personal income tax credit. Includes trusts among types of members that cause pass-through entity to be eligible to elect to pay tax. Requires member of pass-through entity to add back amount of Oregon tax deducted for federal income tax purposes. Allows pass-through entity to credit overpayment of tax against estimated tax installment for subsequent tax year. Applies to tax years beginning on or after January 1, 2023, and before January 1, 2026. Takes effect on 91st day following adjournment sine die.
Title
Relating to the pass-through business alternative income tax; prescribing an effective date.
Sponsors
| No sponsor information available at this time. |
Roll Calls
2023-04-03 - Senate - Senate Committee Do pass with amendments, subsequent referral to Tax Expenditures be rescinded and requesting referral to Ways and Means. (Printed A-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-06-25 | Senate | In committee upon adjournment. |
| 2023-04-10 | Senate | Referred to Ways and Means by order of the President. |
| 2023-04-10 | Senate | Subsequent referral rescinded by order of the President. |
| 2023-04-10 | Senate | Recommendation: Do pass with amendments, be printed A-Engrossed, request subsequent referral to Tax Expenditures be rescinded, and request subsequent referral to Ways & Means. |
| 2023-04-03 | Senate | Work Session held. |
| 2023-03-07 | Senate | Public Hearing held. |
| 2023-01-15 | Senate | Referred to Finance and Revenue, then Tax Expenditures. |
| 2023-01-09 | Senate | Introduction and first reading. Referred to President's desk. |
