Bill Text: OR HB2525 | 2011 | Regular Session | Introduced

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Bill Title: Relating to tax credits for insurers transacting fire insurance; prescribing an effective date.

Sponsorship: Unknown

Status: (Failed) 2011-06-30 - In committee upon adjournment. [HB2525 Detail]

Download: Oregon-2011-HB2525-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 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 1021

                         House Bill 2525

Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of House Interim Committee on
  Revenue)

                             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.

  Extends sunset for tax credit for insurers transacting fire
insurance.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to tax credits for insurers transacting fire insurance;
  amending section 20, chapter 913, Oregon Laws 2009; and
  prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 20, chapter 913, Oregon Laws 2009, is
amended to read:
   { +  Sec. 20. + } A credit may not be claimed under ORS
317.122 { +  (1) + } for tax years beginning on or after January
1,   { - 2012 - }  { +  2018 + }.
  SECTION 2.  { + This 2011 Act takes effect on the 91st day
after the date on which the 2011 session of the Seventy-sixth
Legislative Assembly adjourns sine die. + }
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