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

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

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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-Engrossed.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 2023

                           A-Engrossed

                         House Bill 2002
                   Ordered by the House May 2
             Including House Amendments dated May 2

Sponsored by Representatives GALLEGOS, KOTEK; Representatives
  FAGAN, FREDERICK, GORSEK, GREENLICK, KOMP

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.

  Directs Legislative Revenue Officer to submit report for each
  { - measure that extends sunset of tax credit or creates
new - }  tax credit { +  scheduled to expire in following
even-numbered year + }.  Provides that report is to be submitted
 { + prior to beginning of each odd-numbered year regular
session + } to committee related to revenue and is to analyze
policy impacts and goals of   { - existing or new - } credit.
    { - Applies to measures introduced in odd-numbered year
regular sessions beginning on or after January 1, 2015. - }
                        A BILL FOR AN ACT
Relating to analysis of tax credit legislation.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2013 Act is added to and made
a part of ORS chapter 315. + }
  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. + }
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