75th OREGON LEGISLATIVE ASSEMBLY--2010 Special 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 104

                        Senate Bill 1034

Sponsored by Senator ATKINSON; Senators BOQUIST, FERRIOLI, GIROD,
  KRUSE, MORSE, TELFER, WHITSETT, WINTERS (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.

  Exempts first $2,400 in unemployment compensation from Oregon
personal income tax for tax years beginning on or after January
1, 2009, and before January 1, 2010. Removes exception to
connection to federal law for purposes of tax treatment of
unemployment compensation benefits.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to subtraction for unemployment compensation benefits;
  repealing section 5, chapter 746, Oregon Laws 2009, and
  sections 42 and 43, chapter 909, Oregon Laws 2009; and
  prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 5, chapter 746, Oregon Laws 2009, and
sections 42 and 43, chapter 909, Oregon Laws 2009, are
repealed. + }
  SECTION 2.  { + This 2010 Act takes effect on the 91st day
after the date on which the special session of the Seventy-fifth
Legislative Assembly adjourns sine die. + }
                         ----------