HB 4202

  • Oregon House Bill
  • 2020 Special Session
  • Introduced in House Jun 26, 2020
  • Passed House Jun 25, 2020
  • Passed Senate Jun 26, 2020
  • Signed by Governor Jun 30, 2020

Relating to taxation; and prescribing an effective date.

Abstract

Modifies administrative provisions of corporate activity tax. Exempts from taxation certain sales of milk and manufactured dwelling park nonprofit cooperatives. Allows unitary group taxpayer to exclude members lacking ties to state. Defines "cost inputs" for taxpayer engaged in farming operation, for purpose of calculating subtraction. Establishes methods for taxpayer engaged in farming operation to demonstrate percentage of goods sold in state compared to outside state for purposes of determining commercial activity. Specifies that taxpayer is required to register only one time. Provides that returns and allowances are allowed as offset against commercial activity in year that returns or allowances are made. Prescribes methods for apportionment of subtraction. Establishes penalties for failure to file annual return or failure to pay tax by due date of annual return. Requires minimum payment per quarter but bars penalty if taxpayer makes payment equal to required installment for corresponding quarter of prior year. Applies to tax years beginning on or after January 1, 2020. Takes effect on 91st day following adjournment sine die.

Bill Sponsors (7)

Votes


Actions


Jul 07, 2020

House

Chapter 2, (2020 Laws): Effective date September 25, 2020.

Jun 30, 2020

House

Governor signed.

Jun 30, 2020

Senate

President signed.

Jun 29, 2020

House

Speaker signed.

Jun 26, 2020

Senate

Vote explanation filed by Boquist.

Jun 26, 2020

Senate

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

Jun 26, 2020

Senate

Rules suspended. Second reading.

Jun 26, 2020

Senate

Recommendation: Do pass.

Jun 26, 2020

Senate

Referred to The First Special Session of 2020.

Jun 26, 2020

Senate

First reading. Referred to President's desk.

Jun 25, 2020

House

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

Jun 25, 2020

House

Second reading.

Jun 25, 2020

House

Recommendation: Do pass.

Jun 24, 2020

House

Work Session held.

Jun 24, 2020

House

Public Hearing held.

Jun 24, 2020

House

Referred to The First Special Session of 2020.

Jun 24, 2020

House

First reading. Referred to Speaker's desk.

Bill Text

Bill Text Versions Format
Enrolled PDF
Introduced PDF

Related Documents

Document Format
No related documents.

Sources

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