Bill Text: OR HB4132 | 2012 | Regular Session | Introduced

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Bill Title: Relating to reduction of tax expenditures by percentage equal to total percentage of allotment reductions.

Sponsorship: Partisan Bill (Democrat 11)

Status: (Failed) 2012-03-05 - In committee upon adjournment. [HB4132 Detail]

Download: Oregon-2012-HB4132-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2012 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 232

                         House Bill 4132

Sponsored by Representative KOTEK; Representatives BUCKLEY,
  DEMBROW, GELSER, HARKER, KENY-GUYER, MATTHEWS, READ, J SMITH,
  TOMEI, WITT (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.

  Reduces state tax expenditures in tax year by same percentage
that Oregon Department of Administrative Services and Governor
reduce allotments to state agencies for same tax year.

                        A BILL FOR AN ACT
Relating to reduction of tax expenditures by percentage equal to
  total percentage of allotment reductions.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2012 Act is added to and made
a part of ORS 291.201 to 291.222. + }
  SECTION 2.  { + (1) If the Oregon Department of Administrative
Services, with the approval of the Governor, reduces the amount
allotted to state agencies in the manner provided in ORS 291.261,
the amount of a state tax expenditure that may be claimed by a
taxpayer in a tax year is reduced in the manner described in
subsection (2) of this section by the same percentage that
allotments are reduced under ORS 291.261.
  (2) A state tax expenditure is reduced under subsection (1) of
this section for each tax year by a percentage equal to the
cumulative total percentage that allotments are reduced under ORS
291.261 for the same tax year. + }
  SECTION 3.  { + Section 2 of this 2012 Act applies to tax years
beginning on or after January 1, 2013. + }
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