Oregon Senate Bill 533 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Creates Oregon tax subtraction for interest received by financial institutions from loans made for purchase or improvement of agricultural real estate, rural residences and coastal fishing boats. Creates Oregon tax subtraction for interest received by financial institutions from loans made for purchase or improvement of agricultural real estate, rural residences and coastal fishing boats. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2030. Exempts from commercial activity subject to corporate activity tax interest received by financial institutions from loans made for purchase or improvement of agricultural real estate, rural residences and coastal fishing boats. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2030. Takes effect on 91st day following adjournment sine die.

Relating to tax incentives for financial institution lending in rural areas; prescribing an effective date.

Sen. Richard Anderson [R]

Date	Chamber	Action
2023-06-25	Senate	In committee upon adjournment.
2023-01-25	Senate	Public Hearing held.
2023-01-14	Senate	Referred to Finance and Revenue.
2023-01-09	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB533
Text	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB533/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/66487
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/259148
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/264648