Bill Text: OR SB318 | 2011 | Regular Session | Introduced

Oregon Senate Bill 318 (Prior Session Legislation)

Introduced

Bill Title: Relating to tax credits for manufacture of water transit vessels; prescribing an effective date.

Spectrum: Unknown

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB318 Detail]

Download: Oregon-2011-SB318-Introduced.html



     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 2700

                         Senate Bill 318

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 as
introduced.

  Adjusts sunset for tax credit for manufacture of water transit
vessels.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to tax credits for manufacture of water transit vessels;
  amending section 2, chapter 677, Oregon Laws 2005; and
  prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 2, chapter 677, Oregon Laws 2005, as amended
by section 4, chapter 913, Oregon Laws 2009, is amended to read:
   { +  Sec. 2. + } ORS 315.517 applies to persons initially
hired on or after January 1, 2006, and for which a credit is
claimed for tax years beginning on or after January 1, 2006, and
before January 1,
  { - 2012 - }  { +  ___ + } .
  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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