Bill Text: OR HB2842 | 2011 | Regular Session | Introduced

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Bill Title: Relating to tax credits for organ transplants.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [HB2842 Detail]

Download: Oregon-2011-HB2842-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 1962

                         House Bill 2842

Sponsored by Representative HUNT (Presession filed.)

                             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.

  Establishes personal income tax credit for individuals donating
certain transplanted organs during tax year. Limits credit to
lesser of 50 percent of personal income tax liability or $1,000.
  Applies to transplant operations occurring in tax years
beginning on or after January 1, 2012, and before January 1,
2018.

                        A BILL FOR AN ACT
Relating to tax credits for organ transplants.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2011 Act is added to and made
a part of ORS chapter 315. + }
  SECTION 2.  { + (1) A resident individual taxpayer shall be
allowed a credit against the taxes otherwise due under ORS
chapter 316 if, during the tax year, the taxpayer donates the
taxpayer's single kidney or partial liver in a transplant
operation, and the taxpayer is not deceased at the time of the
transplant operation.
  (2) The amount of the credit allowed under subsection (1) of
this section shall equal the lesser of:
  (a) Fifty percent of the taxpayer's Oregon income tax liability
for the tax year in which the transplant operation occurred,
calculated without consideration of the credit granted by this
section; or
  (b) $1,000.
  (3) The credit allowed in a tax year may not exceed the tax
liability of the taxpayer and may not be carried forward to
another tax year.
  (4) In the case of a credit allowed under this section:
  (a) A nonresident shall be allowed the credit in the same
manner and subject to the same limitations as the credit allowed
to a resident of this state. However, the credit shall be
prorated using the proportion provided in ORS 316.117.
  (b) If a change in the taxable year of a taxpayer occurs as
described in ORS 314.085, or if the Department of Revenue
terminates the taxpayer's taxable year under ORS 314.440, the
credit allowed by this section shall be prorated or computed in a
manner consistent with ORS 314.085.
  (c) If a change in the status of a taxpayer from resident to
nonresident or from nonresident to resident occurs, the credit

allowed by this section shall be determined in a manner
consistent with ORS 316.117.
  (5) The claim for the tax credit allowed by this section shall
be substantiated by submission, with the tax return, of hospital
records verifying that the transplant operation occurred during
the tax year for which the credit is claimed. The department may
waive the requirement for substantiation partially, conditionally
or absolutely as provided in ORS 315.063. + }
  SECTION 3.  { + Section 2 of this 2011 Act applies to
transplant operations occurring in tax years beginning on or
after January 1, 2012, and before January 1, 2018. + }
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