Bill Text: OR SB315 | 2011 | Regular Session | Engrossed

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Bill Title: Relating to tax credits for qualified research activities; prescribing an effective date.

Spectrum: Unknown

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB315 Detail]

Download: Oregon-2011-SB315-Engrossed.html

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     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 2697

                           A-Engrossed

                         Senate Bill 315
                 Ordered by the Senate April 27
           Including Senate Amendments dated April 27

Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Senate Interim Committee on
  Finance and Revenue)

                             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.

    { - Adjusts - }   { + Extends + } sunset for tax credits for
qualified research activities.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to tax credits for qualified research activities;
  amending section 6, chapter 911, Oregon Laws 1989; and
  prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 6, chapter 911, Oregon Laws 1989, as amended
by section 14, chapter 746, Oregon Laws 1995, section 1, chapter
548, Oregon Laws 2001, section 15, chapter 739, Oregon Laws 2003,
and section 86, chapter 94, Oregon Laws 2005, is amended to read:
   { +  Sec. 6. + } ORS 317.152 to 317.154 apply to amounts paid
or incurred in tax years beginning on or after January 1, 1989,
and before January 1,   { - 2012 - }   { + 2018 + }.
  SECTION 2.  { + This 2011 Act takes effect on the 91st day
after the date on which the 2011 session of the Seventy-sixth
Legislative Assembly adjourns sine die. + }
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