Bill Text: OR HB4005 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to a tax credit for livestock killed by predators; and prescribing an effective date.

Spectrum: Unknown

Status: (Passed) 2012-03-27 - Chapter 65, (2012 Laws): Effective date June 4, 2012. [HB4005 Detail]

Download: Oregon-2012-HB4005-Amended.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2012 Regular Session

HA to HB 4005

LC 89/HB 4005-2

                       HOUSE AMENDMENTS TO
                         HOUSE BILL 4005

        By COMMITTEE ON AGRICULTURE AND NATURAL RESOURCES

                           February 10

  On page 1 of the printed bill, delete lines 5 through 9 and
insert:
  '  { +  SECTION 2. + } (1) As used in this section, 'livestock'
has the meaning given that term in ORS 610.150.'.
  In line 12, delete 'predator' and insert 'wolf or cougar'.
  In line 13, after 'must' delete the rest of the line and lines
14 through 16 and insert 'submit evidence that the loss to
livestock is due to wolf or cougar depredation. The evidence must
include a finding by the State Department of Fish and Wildlife or
by a peace officer as defined in ORS 161.015 that wolf or cougar
depredation was the probable cause of the loss.'.
  Delete lines 20 and 21 and insert:
  ' (5) If the amount allowable as a credit under this section,
when added to the sum of the amounts allowable as payment of tax
under ORS 316.187 (withholding), ORS 316.583 (estimated tax),
other tax prepayment amounts and other refundable credit amounts,
exceeds the taxes imposed by ORS chapters 314 and 316 for the tax
year (reduced by any nonrefundable credits allowable for purposes
of ORS chapter 316 for the tax year), the amount of the excess
shall be refunded to the taxpayer as provided in ORS 316.502.'.
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