Oregon Senate Bill 1527 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Failed on March 3 2018 - 100% progression
Action: 2018-03-03 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Extends sunset for modified method of apportionment of business income of interstate broadcaster for purposes of corporate excise taxation. Continues use of gross receipts from customers with in-state commercial domicile in numerator of apportionment percentage calculation. Requires gross receipts of broadcaster to be included in numerator if member of affiliated group filing consolidated state return, regardless of whether interstate broadcaster has taxable presence in state. First applies to tax years beginning on or after January 1, 2017. Limits amount of income for which optional reduced rate of personal income tax on nonpassive income attributable to partnership or S corporation may be claimed. Eliminates general rule that sale made to state where taxpayer is not taxable is considered sale in Oregon for apportionment of business income for corporate excise tax purposes. Applies to tax years beginning on or after January 1, 2019. Takes effect on 91st day following adjournment sine die.

Relating to business taxation; prescribing an effective date.

No sponsor information available at this time.

Date	Chamber	Action
2018-03-03	Senate	In committee upon adjournment.
2018-02-06	Senate	Public Hearing 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.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2018R1/Measures/Overview/SB1527
Text	https://olis.oregonlegislature.gov/liz/2018R1/Downloads/MeasureDocument/SB1527/Introduced