Bill Text: OR HB3350 | 2013 | Regular Session | Introduced

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Bill Title: Relating to a tax credit for contributions that fund provision of legal services to low income individuals; prescribing an effective date.

Sponsorship: Slight Partisan Bill (Democrat 6-3)

Status: (Failed) 2013-07-08 - In committee upon adjournment. [HB3350 Detail]

Download: Oregon-2013-HB3350-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 2811

                         House Bill 3350

Sponsored by Representatives GARRETT, HICKS, WILLIAMSON;
  Representatives BARTON, CONGER, DAVIS, DOHERTY, Senators
  DINGFELDER, JOHNSON

                             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.

  Creates income or corporate excise tax credit for contributions
to organization that provides funding for Legal Services Program.
  Applies to tax years beginning on or after January 1, 2014, and
before January 1, 2020.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to a tax credit for contributions that fund provision of
  legal services to low income individuals; and prescribing an
  effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) As used in this section, 'qualifying
organization' means an organization that is recognized as tax
exempt under section 501 (c)(3) of the Internal Revenue Code and
that is organized for the purpose of providing funding for legal
services provided through the Legal Services Program established
under ORS 9.572.
  (2) A taxpayer shall be allowed a credit against the taxes that
are otherwise due under ORS chapter 316 or, if the taxpayer is a
corporation, under ORS chapter 317 or 318, for amounts
contributed during the tax year to a qualifying organization.
  (3) The amount of the credit shall equal 50 percent of the
amount contributed to the qualifying organization, but may not
exceed the tax liability of the taxpayer for the tax year.
  (4) The credit allowed under this section is in addition to any
charitable contribution deduction allowable to the taxpayer.
  (5) In the case of a credit allowed under this section for
purposes of ORS chapter 316:
  (a) A nonresident shall be allowed the credit under this
section in the proportion provided in ORS 316.117.
  (b) If a change in the status of a taxpayer from resident to
nonresident or from nonresident to resident occurs, the credit
allowed under this section shall be determined in a manner
consistent with ORS 316.117.
  (c) A husband and wife who file separate returns for a taxable
year may each claim a share of the tax credit that would have
been allowed on a joint return in proportion to the contribution
of each.

  (d) 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 under this section shall be prorated or computed
in a manner consistent with ORS 314.085. + }
  SECTION 2.  { + Section 1 of this 2013 Act applies to tax years
beginning on or after January 1, 2014, and before January 1,
2020. + }
  SECTION 3.  { + This 2013 Act takes effect on the 91st day
after the date on which the 2013 regular session of the
Seventy-seventh Legislative Assembly adjourns sine die. + }
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