Oregon Senate Bill 851 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Committee Bill
Status: Passed on August 8 2019 - 100% progression
Action: 2019-08-08 - Effective date, September 29, 2019.
Text: Latest bill text (Enrolled) [PDF]

Requires, for Oregon personal income tax purposes, taxpayers to add back amounts deducted as deemed repatriation under one-time transition tax. Requires Department of Revenue to waive penalty or interest due to underpayment or underreporting resulting from add-back requirement. Applies to tax years beginning on or after January 1, 2017. Requires, for Oregon corporate excise or income tax purposes, addition to federal taxable income of amounts deducted as global intangible low-tax income. Allows 80 percent dividends received deduction for global intangible low-tax income. Provides for treatment of global intangible low-tax income in same manner as dividend. Requires apportionment of dividend or global intangible low-taxed income according to taxpayer's applicable apportionment formula. Disallows deduction for foreign-source dividend income, and excludes foreign-source dividend income from apportionment calculation. Applies to tax years beginning on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.

Relating to tax treatment of foreign earnings; and prescribing an effective date.

Senate Finance And Revenue Committee

2019-06-24 - House - House Third Reading (Y: 46 N: 11 NV: 0 Abs: 3) [PASS]
2019-06-20 - House - House Committee Do Pass the A-Eng bill (Y: 5 N: 0 NV: 0 Abs: 2) [PASS]
2019-06-17 - Senate - Senate Third Reading (Y: 22 N: 7 NV: 0 Abs: 0) [PASS]
2019-06-10 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2019-08-08	Senate	Effective date, September 29, 2019.
2019-08-08	Senate	Chapter 556, 2019 Laws.
2019-07-23	Senate	Effective date, September 29, 2019.
2019-07-23	Senate	Chapter 556, 2019 Laws.
2019-07-15	Senate	Governor signed.
2019-06-29	House	Speaker signed.
2019-06-27	Senate	President signed.
2019-06-24	House	Third reading. Carried by Smith Warner. Passed. Ayes, 46; Nays, 11--Barreto, Bonham, Boshart Davis, Drazan, Hayden, Nearman, Noble, Post, Smith DB, Wallan, Wilson; Absent, 1--Leif; Excused, 1--Clem; Excused for Business of the House, 1--Speaker Kotek.
2019-06-20	House	Second reading.
2019-06-20	House	Recommendation: Do pass.
2019-06-20	House	Public Hearing and Work Session held.
2019-06-18	House	Referred to Revenue.
2019-06-17	House	First reading. Referred to Speaker's desk.
2019-06-17	Senate	Vote explanation filed by Boquist.
2019-06-17	Senate	Third reading. Carried by Hass. Passed. Ayes, 22; Nays, 7--Baertschiger Jr, Boquist, Girod, Linthicum, Olsen, Thatcher, Thomsen.
2019-06-13	Senate	Second reading.
2019-06-12	Senate	Recommendation: Do pass with amendments. (Printed A-Eng.)
2019-06-10	Senate	Public Hearing and Work Session held.
2019-06-06	Senate	Work Session held.
2019-05-09	Senate	Work Session held.
2019-05-02	Senate	Public Hearing and Work Session held.
2019-04-30	Senate	Public Hearing and Work Session cancelled.
2019-04-24	Senate	Public Hearing and Work Session held.
2019-03-14	Senate	Public Hearing held.
2019-02-27	Senate	Referred to Finance and Revenue.
2019-02-26	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/SB851
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB851/Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB851/Senate%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB851/A-Engrossed
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB851/Enrolled
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/29898
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/Measures/MeasureVotes?id=475355
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/30104
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/Measures/MeasureVotes?id=477065