Bill Text: OR HB2003 | 2013 | Regular Session | Introduced

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Bill Title: Relating to review of tax credit sunset provisions.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Failed) 2013-07-08 - In committee upon adjournment. [HB2003 Detail]

Download: Oregon-2013-HB2003-Introduced.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 2026

                         House Bill 2003

Sponsored by Representative KOTEK; Representatives FAGAN,
  FREDERICK, GORSEK, UNGER, WILLIAMSON

                             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 as
introduced.

  Directs Legislative Revenue Officer to prepare statement for
each legislative measure that extends sunset of tax credit.
Provides that statement is to set forth policy goals of each
credit and metrics for measuring credit's effectiveness in
achieving policy goals.
  Applies to legislative measures introduced for odd-numbered
year regular sessions beginning on or after January 1, 2015.

                        A BILL FOR AN ACT
Relating to review of tax credit sunset provisions.
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.  { + For each measure reported out of a committee of
the Legislative Assembly the effect of which is to extend the
time of applicability of an income or excise tax credit, the
Legislative Revenue Officer, with aid of the Legislative Fiscal
Officer and the Department of Revenue, shall prepare a statement
that includes:
  (1) The policy goals, both social and economic, intended to be
achieved by the credit.
  (2) Specific metrics that can be used to measure the credit's
effectiveness at achieving the credit's stated policy goals. + }
  SECTION 3.  { + Section 2 of this 2013 Act applies to measures
introduced for odd-numbered year regular sessions of the
Legislative Assembly beginning on or after January 1, 2015. + }
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