Oregon Senate Bill 929 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Committee Bill
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Creates tax credit for certified historic property project contributions. Directs Department of Revenue, in cooperation with State Historic Preservation Officer, to conduct auction of tax credits. Establishes State Historic Property Project Fund and requires that auction proceeds be deposited in fund for purpose of making rebates to property owners for eligible expenses for rehabilitation and seismic retrofitting of historic properties. Provides for payment of rebates from fund and for administration of rebate program by State Historic Preservation Officer. Limits amount of credits and corresponding rebates to $___ million for any biennium. Applies to applications for rebates submitted after July 1, 2019, for tax years beginning on or after January 1, 2020, and before January 1, 2026. Takes effect on 91st day following adjournment sine die.

Relating to a tax credit for funding historic property project expense rebates; prescribing an effective date.

Senate Committee On Environment And Natural Resources

2019-04-08 - Senate - Senate Committee Do pass and refer to Tax Expenditures by prior reference (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-06-30	Senate	In committee upon adjournment.
2019-04-12	Senate	Referred to Tax Expenditures by prior reference.
2019-04-12	Senate	Recommendation: Do pass and be referred to Tax Expenditures by prior reference.
2019-04-08	Senate	Work Session held.
2019-04-04	Senate	Public Hearing held.
2019-03-26	Senate	Public Hearing held.
2019-03-06	Senate	Referred to Environment and Natural Resources, then Tax Expenditures, then Ways and Means.
2019-03-04	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/SB929
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB929/Introduced
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/28861