OR SB1528 | 2018 | Regular Session
Status
Completed Legislative Action
Spectrum: Unknown
Status: Passed on April 17 2018 - 100% progression
Action: 2018-04-17 - Effective date, June 2, 2018.
Text: Latest bill text (Introduced) [PDF]
Spectrum: Unknown
Status: Passed on April 17 2018 - 100% progression
Action: 2018-04-17 - Effective date, June 2, 2018.
Text: Latest bill text (Introduced) [PDF]
Summary
Creates tax credit for contributions to Opportunity Grant Fund. Directs Department of Revenue, in cooperation with Higher Education Coordinating Commission, to conduct auction of tax credits. Establishes Opportunity Grant Fund. Directs commission to use moneys in fund for Oregon Opportunity Grant program. Limits amount of credits per fiscal year. Applies to tax years beginning on or after January 1, 2018, and before January 1, 2024. Requires, for Oregon income tax purposes, addition to federal taxable income of amount of federal deduction for qualified business income from pass-through entity. Applies to tax years beginning on or after January 1, 2018. Expands availability of elective reduced tax rate for certain pass-through income to taxpayer doing business as sole proprietor. Disallows qualification for elective reduced rate using hours performed by employees performing in certain industry sectors. Limits amount of income for which reduced rate may be elected. Applies to tax years beginning on or after January 1, 2018.] Increases amount of personal exemption tax credit. Applies to tax years beginning on or after January 1, 2018, and before January 1, 2026.] Takes effect on 91st day following adjournment sine die.
Title
Relating to taxation; and prescribing an effective date.
Sponsors
| No sponsor information available at this time. |
Roll Calls
2018-03-02 - House - House Third Reading (Y: 32 N: 28 NV: 0 Abs: 0) [PASS]
2018-03-02 - House - House Motion to substitute Minority Report (Y: 29 N: 31 NV: 0 Abs: 0) [FAIL]
2018-02-28 - House - House Committee Do pass the B-Eng bill (Y: 5 N: 4 NV: 0 Abs: 0) [PASS]
2018-02-23 - Senate - Senate Third Reading (Y: 16 N: 13 NV: 0 Abs: 1) [PASS]
2018-02-20 - Senate - Senate Committee Do pass with amendments. (Printed B-Eng.) (Y: 3 N: 2 NV: 0 Abs: 1) [PASS]
2018-02-09 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 3 N: 2 NV: 0 Abs: 0) [PASS]
2018-03-02 - House - House Motion to substitute Minority Report (Y: 29 N: 31 NV: 0 Abs: 0) [FAIL]
2018-02-28 - House - House Committee Do pass the B-Eng bill (Y: 5 N: 4 NV: 0 Abs: 0) [PASS]
2018-02-23 - Senate - Senate Third Reading (Y: 16 N: 13 NV: 0 Abs: 1) [PASS]
2018-02-20 - Senate - Senate Committee Do pass with amendments. (Printed B-Eng.) (Y: 3 N: 2 NV: 0 Abs: 1) [PASS]
2018-02-09 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 3 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2018-04-17 | Senate | Effective date, June 2, 2018. |
| 2018-04-17 | Senate | Chapter 108, 2018 Laws. |
| 2018-04-13 | Senate | Governor signed. |
| 2018-03-06 | House | Speaker signed. |
| 2018-03-03 | Senate | President signed. |
| 2018-03-02 | House | Vote explanation(s) filed by Evans, Meek, Smith DB. |
| 2018-03-02 | House | Rules suspended. Third reading. Carried by Barnhart. Passed. Ayes, 32; Nays, 28--Barreto, Boles, Bonham, Buehler, Bynum, Esquivel, Evans, Findley, Hayden, Heard, Helfrich, Kennemer, Lewis, McKeown, McLane, Nearman, Noble, Olson, Parrish, Post, Reschke, Smith DB, Smith G, Sprenger, Stark, Vial, Whisnant, Wilson. |
| 2018-03-02 | House | Rules suspended. Motion to substitute Minority Report for Committee Report failed. Ayes, 29; Nays, 31--Alonso Leon, Barker, Barnhart, Boone, Clem, Doherty, Fahey, Gomberg, Gorsek, Greenlick, Helm, Hernandez, Holvey, Keny-Guyer, Lively, Malstrom, Marsh, McLain, Meek, Nathanson, Nosse, Piluso, Power, Rayfield, Reardon, Salinas, Sanchez, Smith Warner, Sollman, Williamson, Speaker Kotek. |
| 2018-03-02 | House | Second reading. |
| 2018-03-01 | House | Minority Recommendation: Do pass with amendments to the B-Eng bill and be printed C-Engrossed. |
| 2018-03-01 | House | Recommendation: Do pass the B-Eng bill. |
| 2018-02-28 | House | Public Hearing and Work Session held. |
| 2018-02-26 | House | Referred to Revenue. |
| 2018-02-26 | House | First reading. Referred to Speaker's desk. |
| 2018-02-23 | Senate | Vote explanation filed by DeBoer. |
| 2018-02-23 | Senate | Winters declared potential conflict of interest by unanimous consent. |
| 2018-02-23 | Senate | Boquist declared potential conflict of interest. |
| 2018-02-23 | Senate | Third reading. Carried by Hass. Passed. Ayes, 16; Nays, 13--Baertschiger Jr, Bentz, Boquist, DeBoer, Girod, Hansell, Johnson, Knopp, Linthicum, Olsen, Thatcher, Thomsen, Winters; Excused, 1--Kruse. |
| 2018-02-22 | Senate | Second reading. |
| 2018-02-21 | Senate | Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.) |
| 2018-02-20 | Senate | Work Session held. |
| 2018-02-15 | Senate | Motion to rerefer to Finance and Revenue carried by voice vote. |
| 2018-02-14 | Senate | Carried over to 02-15 by unanimous consent. |
| 2018-02-13 | Senate | Carried over to 02-14 by unanimous consent. |
| 2018-02-12 | Senate | Second reading. |
| 2018-02-09 | Senate | Recommendation: Do pass with amendments. (Printed A-Eng.) |
| 2018-02-09 | Senate | Work Session held. |
| 2018-02-08 | Senate | Work Session held. |
| 2018-02-06 | Senate | Public Hearing and Work Session held. |
| 2018-02-05 | Senate | Referred to Finance and Revenue. |
| 2018-02-05 | Senate | Introduction and first reading. Referred to President's desk. |
| 2018-01-22 | Senate | Presession Released to the Public. |
