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]

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.

Tracking Information

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Title

Relating to the pass-through business alternative income tax; prescribing an effective date.

Sponsors

No sponsor information available at this time.

Roll Calls


History

DateChamberAction
2023-06-25SenateIn committee upon adjournment.
2023-04-10SenateReferred to Ways and Means by order of the President.
2023-04-10SenateSubsequent referral rescinded by order of the President.
2023-04-10SenateRecommendation: Do pass with amendments, be printed A-Engrossed, request subsequent referral to Tax Expenditures be rescinded, and request subsequent referral to Ways & Means.
2023-04-03SenateWork Session held.
2023-03-07SenatePublic Hearing held.
2023-01-15SenateReferred to Finance and Revenue, then Tax Expenditures.
2023-01-09SenateIntroduction and first reading. Referred to President's desk.

Oregon State Sources

TypeSource
Summaryhttps://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB158
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB158/Introduced
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB158/Senate%20Amendments%20to%20Introduced
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB158/A-Engrossed
Amendmenthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/22838
Amendmenthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/22898
Amendmenthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/24239
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/66136
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/263787
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/269566
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/269565
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/268988
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/77833
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/77937
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/77964
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/78479
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/78612
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/276003
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/CommitteeReports/MajorityReport/35029

Bill Comments

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