Oregon House Bill 2139 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Failed on July 6 2015 - 100% progression
Action: 2015-07-06 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Directs Department of Revenue to calculate net federal itemized deduction ratio averaged over five consecutive biennia ending June 30, 2011. Directs department, for each biennium, to state percentage that, when multiplied by aggregate net federal itemized deductions that all personal income taxpayers would otherwise be entitled to claim, department projects to result in unchanged net federal itemized deduction ratio for biennium. Provides that itemized deductions otherwise allowed to personal income taxpayer shall be reduced by calculated multiplier. Applies to biennia beginning on or after July 1, 2015, and to tax years beginning on or after January 1, 2016. Takes effect on 91st day following adjournment sine die.

Relating to use of federal itemized deductions; prescribing an effective date.

No sponsor information available at this time.

Date	Chamber	Action
2015-07-06	House	In committee upon adjournment.
2015-01-16	House	Referred to Revenue.
2015-01-12	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2015R1/Measures/Overview/HB2139
Text	https://olis.oregonlegislature.gov/liz/2015R1/Downloads/MeasureDocument/HB2139/Introduced