OR SB1520 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 16-5)
Status: Passed on March 28 2024 - 100% progression
Action: 2024-03-28 - Effective date, June 6, 2024.
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Moderate Partisan Bill (Republican 16-5)
Status: Passed on March 28 2024 - 100% progression
Action: 2024-03-28 - Effective date, June 6, 2024.
Text: Latest bill text (Enrolled) [PDF]
Summary
Exempts awards from and legal fees paid in wildfire suits from income tax. (Flesch Readability Score: 76.5). Digest: Exempts award from wildfire suit from income tax. (Flesch Readability Score: 71.8).] Creates Oregon tax subtraction for amounts received in resolution of a civil action arising from wildfire. Creates an Oregon tax subtraction for wildfire-related legal fees paid by plaintiffs. Allows taxpayer to amend return to claim refund for earliest tax year in which subtraction is allowed. Applies to declarations and executive orders issued on or after January 1, [2020] 2018, and before January 1, 2026, and to amounts received, losses incurred and legal fees paid in tax years beginning on or after January 1, [2020] 2018. Takes effect on the 91st day following adjournment sine die.
Title
Relating to an income tax subtraction for amounts received in wildfire litigation; prescribing an effective date.
Sponsors
Roll Calls
2024-03-06 - Senate - Senate Third Reading in Concurrence (Y: 29 N: 0 NV: 0 Abs: 1) [PASS]
2024-03-05 - House - House Third Reading (Y: 51 N: 0 NV: 0 Abs: 9) [PASS]
2024-03-04 - House - House Committee Do pass with amendments. (Printed B-Eng.) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-28 - Senate - Senate Third Reading (Y: 30 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-22 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
2024-03-05 - House - House Third Reading (Y: 51 N: 0 NV: 0 Abs: 9) [PASS]
2024-03-04 - House - House Committee Do pass with amendments. (Printed B-Eng.) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-28 - Senate - Senate Third Reading (Y: 30 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-22 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-28 | Senate | Effective date, June 6, 2024. |
| 2024-03-28 | Senate | Chapter 50, 2024 Laws. |
| 2024-03-27 | Senate | Governor signed. |
| 2024-03-07 | House | Speaker signed. |
| 2024-03-07 | Senate | President signed. |
| 2024-03-06 | Senate | Girod declared potential conflict of interest. |
| 2024-03-06 | Senate | Senate concurred in House amendments and repassed bill. Ayes, 29; Excused, 1--Thatcher. |
| 2024-03-05 | House | Rules suspended. Third reading. Carried by Gomberg. Passed. Ayes, 51; Excused, 4--Boshart Davis, Bynum, Cramer, Owens; Excused for Business of the House, 5--Hieb, Javadi, Scharf, Sosa, Speaker Rayfield. |
| 2024-03-05 | House | Second reading. |
| 2024-03-04 | House | Recommendation: Do pass with amendments and be printed B-Engrossed. |
| 2024-03-04 | House | Public Hearing and Work Session held. |
| 2024-02-28 | House | Referred to Revenue. |
| 2024-02-28 | House | First reading. Referred to Speaker's desk. |
| 2024-02-28 | Senate | Girod declared potential conflict of interest. |
| 2024-02-28 | Senate | Third reading. Carried by Golden, Boquist. Passed. Ayes, 30. |
| 2024-02-27 | Senate | Carried over to 02-28 by unanimous consent. |
| 2024-02-26 | Senate | Second reading. |
| 2024-02-23 | Senate | Recommendation: Do pass with amendments. (Printed A-Eng.) |
| 2024-02-22 | Senate | Public Hearing and Work Session held. |
| 2024-02-21 | Senate | Informational Meeting held. |
| 2024-02-08 | Senate | Public Hearing held. |
| 2024-02-05 | Senate | Referred to Finance and Revenue. |
| 2024-02-05 | Senate | Introduction and first reading. Referred to President's desk. |
