OR SB61 | 2015 | Regular Session

Status

Completed Legislative Action
Spectrum: Unknown
Status: Passed on July 28 2015 - 100% progression
Action: 2015-07-28 - Effective date, October 5, 2015.
Text: Latest bill text (Enrolled) [PDF]

Summary

Modifies list of jurisdictions of incorporation for which income must be included on Oregon corporate excise tax return, if corporation is member of unitary group with Oregon corporation. Allows adjustment of reported income received in listed jurisdiction but not attributable to transactions or activity of United States affiliates.] Confirms that additional methods of determining business activity may apply, per petition of taxpayer or with permission of Department of Revenue. Sets forth criteria to be used to determine listed jurisdictions. Directs Legislative Revenue Officer to report to Legislative Assembly on policy requiring corporations with subsidiaries in listed jurisdictions to report income in those jurisdictions. Applies to tax years beginning on or after January 1, 2016. Takes effect on 91st day following adjournment sine die.

Tracking Information

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Title

Relating to tax reporting of multinational corporations; and prescribing an effective date.

Sponsors

No sponsor information available at this time.

Roll Calls

2015-07-03 - Senate - Senate Third Reading in Concurrence (Y: 29 N: 0 NV: 0 Abs: 1) [PASS]
2015-07-02 - House - House Third Reading (Y: 58 N: 1 NV: 0 Abs: 1) [PASS]
2015-07-01 - House - House Committee Do pass as amended and be printed engrossed (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2015-06-30 - Senate - Senate Third Reading (Y: 28 N: 0 NV: 0 Abs: 2) [PASS]
2015-06-26 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2015-06-24 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-07-28SenateEffective date, October 5, 2015.
2015-07-28SenateChapter 755, 2015 Laws.
2015-07-21SenateGovernor signed.
2015-07-09HouseSpeaker signed.
2015-07-07SenatePresident signed.
2015-07-03SenateSenate concurred in House amendments and repassed bill.Ayes, 29; excused, 1--Olsen.
2015-07-02HouseVote explanation(s) filed by Nosse.
2015-07-02HouseRules suspended. Third reading. Carried by Barnhart. Passed.Ayes, 58; Nays, 1--Nosse; Excused, 1--Barton.
2015-07-02HouseSecond reading.
2015-07-01HouseRecommendation: Do pass with amendments and be printed B-Engrossed.
2015-07-01HouseWork Session held.
2015-06-30HouseReferred to Revenue.
2015-06-30HouseFirst reading. Referred to Speaker's desk.
2015-06-30SenateRules suspended. Third reading. Carried by Hass. Passed.Ayes, 28; excused, 2--Olsen, Shields.
2015-06-30SenateSecond reading.
2015-06-29SenateRecommendation: Do pass with amendments. (Printed A-Eng.)
2015-06-26SenateWork Session held.
2015-06-24SenateWork Session held.
2015-06-22SenateWork Session held.
2015-06-18SenateWork Session held.
2015-06-16SenatePublic Hearing and Work Session held.
2015-02-09SenatePublic Hearing held.
2015-01-20SenateReferred to Finance and Revenue.
2015-01-12SenateIntroduction and first reading. Referred to President's desk.

Oregon State Sources

TypeSource
Summaryhttps://olis.oregonlegislature.gov/liz/2015R1/Measures/Overview/SB61
Texthttps://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB61/Introduced
Texthttps://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB61/Senate%20Amendments
Texthttps://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB61/A-Engrossed
Texthttps://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB61/House%20Amendments%20to%20A-Engrossed
Texthttps://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB61/B-Engrossed
Texthttps://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/SB61/Enrolled
Roll Callhttps://olis.oregonlegislature.gov/liz/2015R1/CommitteeReports/MajorityReport/23129
Roll Callhttps://olis.oregonlegislature.gov/liz/2015R1/CommitteeReports/MajorityReport/23197
Roll Callhttps://olis.oregonlegislature.gov/liz/2015R1/Measures/MeasureVotes?id=363341
Roll Callhttps://olis.oregonlegislature.gov/liz/2015R1/CommitteeReports/MajorityReport/23351
Roll Callhttps://olis.oregonlegislature.gov/liz/2015R1/Measures/MeasureVotes?id=364091
Roll Callhttps://olis.oregonlegislature.gov/liz/2015R1/Measures/MeasureVotes?id=364433

Bill Comments

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