Bill Text: OR HB2930 | 2011 | Regular Session | Introduced


Bill Title: Relating to charitable organizations; providing for revenue raising that requires approval by a three-fifths majority.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [HB2930 Detail]

Download: Oregon-2011-HB2930-Introduced.html


     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 2220

                         House Bill 2930

Sponsored by Representative HOLVEY (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.

  Provides that tax-exempt charitable organization is subject to
corporate excise tax if organization's expenditures on charitable
activities and purposes for tax year do not exceed 30 percent of
sum of charitable contributions and other income of organization
for tax year.
  Applies to tax years beginning on or after January 1, 2012.

                        A BILL FOR AN ACT
Relating to charitable organizations; and providing for revenue
  raising that requires approval by a three-fifths majority.
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 317. + }
  SECTION 2.  { + (1) An organization that is exempt from federal
income tax under section 501(c)(3) of the Internal Revenue Code
shall be considered a corporation described in ORS 317.070 and
shall be subject to the tax imposed under this chapter if the
organization's expenditures on the charitable activities and
purposes for which it was established for the tax year do not
exceed 30 percent of the sum of:
  (a) Charitable contributions received by the organization
during the tax year; and
  (b) Other income, including unrelated business income, received
by the organization during the tax year.
  (2) For purposes of this section, the administrative and
staffing costs of the organization do not constitute expenditures
for charitable activities or purposes.
  (3) An organization that is subject to tax for a tax year under
this section remains a tax-exempt organization for purposes of
charitable contribution deductions claimed under section 170 of
the Internal Revenue Code.
  (4) The Department of Revenue may establish reporting
requirements and adopt rules to implement and administer the
provisions of this section. + }
  SECTION 3.  { + Section 2 of this 2011 Act applies to tax years
beginning on or after January 1, 2012. + }
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