HB 4028

  • Oregon House Bill
  • 2018 Regular Session
  • Introduced in House Mar 01, 2018
  • House
  • Senate
  • Signed by Governor Apr 13, 2018

Relating to tax expenditures; and prescribing an effective date.

Abstract

Limits expenses for which dependent care income tax credit may be claimed to combination of] earned income taxable by Oregon and imputed income], using lesser amount attributable to either spouse on joint return. Provides for calculation based upon imputed income to allow degree-seeking enrolled student to claim credit.] Modifies annual limitation on total amount of tax credits for production or collection of bovine manure allowed for all taxpayers by tying limitation to calendar year instead of tax year. Modifies terms. Provides that qualified borrower on loan related to manufactured dwelling park for which lending institution may be allowed tax credit for qualified loan includes nonprofit corporation or housing authority with controlling interest in real property. Applies to tax years beginning on or after January 1, 2018. Allows Legislative Assembly to appropriate to Oregon Production Investment Fund balance of amount allowed for certification, but not certified, for tax credit for contributions to fund for current or upcoming fiscal year. Applies to fiscal years beginning on or after July 1, 2017. Provides for transfer and abatement of clawback of property taxes not imposed with respect to land that ceases to be exempt as land held for cemetery or crematory purposes if land is purchased for purpose of providing low income housing subject to certain property tax exemption programs for at least 10 consecutive property tax years. Adjusts sunset date for property tax exemption for low income rental housing. For purposes of certain economic development property tax benefits, provides that "eligible location" includes location not formerly used for industrial purposes and "eligible property" may be property appraised either by county or by Department of Revenue and clarifies definition of "rural area." Takes effect on 91st day following adjournment sine die.

Bill Sponsors (0)

Votes


Actions


Apr 18, 2018

Oregon Legislative Assembly

Chapter 111, (2018 Laws): Effective date June 2, 2018.

Apr 13, 2018

Oregon Legislative Assembly

Governor signed.

Mar 13, 2018

Oregon Legislative Assembly

President signed.

Mar 07, 2018

Oregon Legislative Assembly

Speaker signed.

Mar 03, 2018

Oregon Legislative Assembly

House concurred in Senate amendments and repassed bill.

Mar 03, 2018

Oregon Legislative Assembly

Rules suspended. Third reading. Carried by Hass. Passed.

Mar 03, 2018

Oregon Legislative Assembly

Second reading.

Mar 02, 2018

Oregon Legislative Assembly

Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)

Mar 02, 2018

Oregon Legislative Assembly

Public Hearing and Work Session held.

Mar 01, 2018

Oregon Legislative Assembly

Referred to Finance and Revenue.

Mar 01, 2018

Oregon Legislative Assembly

First reading. Referred to President's desk.

Feb 28, 2018

Oregon Legislative Assembly

Third reading. Carried by Keny-Guyer. Passed.

Feb 27, 2018

Oregon Legislative Assembly

Second reading.

Feb 26, 2018

Oregon Legislative Assembly

Recommendation: Do pass with amendments and be printed A-Engrossed.

Feb 22, 2018

Oregon Legislative Assembly

Work Session held.

Feb 21, 2018

Oregon Legislative Assembly

Work Session held.

Feb 19, 2018

Oregon Legislative Assembly

Work Session held.

Feb 15, 2018

Oregon Legislative Assembly

Work Session held.

Feb 12, 2018

Oregon Legislative Assembly

Public Hearing held.

Feb 05, 2018

Oregon Legislative Assembly

Public Hearing held.

Feb 05, 2018

Oregon Legislative Assembly

Referred to Revenue.

Feb 05, 2018

Oregon Legislative Assembly

First reading. Referred to Speaker's desk.

Jan 22, 2018

Oregon Legislative Assembly

Presession Released to the Public.

Bill Text

Bill Text Versions Format
Senate Amendments to A-Engrossed PDF
Introduced PDF
House Amendments to Introduced PDF
Enrolled PDF
B-Engrossed PDF
A-Engrossed PDF

Related Documents

Document Format
No related documents.

Sources

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