Bill Text: OR HB2002 | 2013 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Relating to analysis of tax credit legislation.

Sponsorship: Partisan Bill (Democrat 7)

Status: (Passed) 2013-07-29 - Chapter 676, (2013 Laws): Effective date January 1, 2014. [HB2002 Detail]

Download: Oregon-2013-HB2002-Amended.html

---

     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

HA to HB 2002

LC 2023/HB 2002-1

                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2002

                     By COMMITTEE ON REVENUE

                              May 2

  On page 1 of the printed bill, delete lines 5 through 29 and
delete page 2 and insert:
  '  { +  SECTION 2. + }  { + (1) Prior to the beginning of each
odd-numbered year regular session, the Legislative Revenue
Officer shall submit a report addressing each income or excise
tax credit that is scheduled to expire during the next
even-numbered year. The Legislative Revenue Officer shall submit
the report to a committee of the Legislative Assembly related to
revenue, and may include information related to other tax credits
in the report at the direction of an interim committee related to
revenue. In preparing the report, the Legislative Revenue Officer
shall seek input from the Department of Revenue, the Legislative
Fiscal Officer and state agencies involved in administering any
given credit.
  ' (2) The report required in subsection (1) of this section
shall set forth:
  ' (a) The stated public policy purpose, if any, of the credit.
  ' (b) The expected timeline for achieving the public policy
purpose, if a timeline exists.
  ' (c) The best means of measuring achievement of the public
policy purpose.
  ' (d) The taxpayers or other entities or individuals that
directly benefit from allowance of the credit and whether the
credit is intended to benefit particular targets.
  ' (e) The effectiveness of the credit in benefiting its targets
and any evidence that demonstrates its impact on its targets.
  ' (f) The expected results if the credit is allowed to expire
under current law and any potential results of making incremental
changes in the value of the credit rather than allowing it to
expire.
  ' (g) Background information on the effect of similar credits
allowed in other states.
  ' (h) Information regarding whether use of a tax credit is an
effective and efficient way to achieve the stated policy goal.
  ' (i) The administrative and compliance costs associated with
the credit.
  ' (j) Analysis of whether a direct appropriation might achieve
the stated public policy purpose of the credit more efficiently.
  ' (k) What other incentives, including state or local subsidies
or federal tax expenditures or subsidies, are available in this
state that have a similar policy purpose. + } ' .
                         ----------