Oregon Senate Bill 568 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Establishes tax credit for reforestation of commercial forestland following loss from catastrophic fire event. Makes tax credit applicable for losses incurred from catastrophic fire during fire loss years that begin on or after November 1, 2018, and end on or before October 31, 2024. Makes tax credit available for up to three tax years after year in which State Forester issues preliminary certificate for loss. Applies to tax years beginning on or after January 1, 2019, and before January 1, 2029. Takes effect on 91st day following adjournment sine die.

Relating to financial relief for commercial forestlands damaged by catastrophic fire events; prescribing an effective date.

Sen. Tim Knopp [R]

Date	Chamber	Action
2019-06-30	Senate	In committee upon adjournment.
2019-01-17	Senate	Referred to Environment and Natural Resources, then Finance and Revenue, then Tax Expenditures.
2019-01-14	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/SB568
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB568/Introduced