l9n/ Oregon

2007 Regular Session

House Bill 2747

Directs Department of Revenue to establish and promote voluntary compliance initiative for taxpayers who utilize abusive tax avoidance transactions to underreport personal income or corporate income or excise taxes.

Did not become law. It stopped in the House of Representatives's Revenue Committee on June 28, 2007. The 2007 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Directs Department of Revenue to establish and promote voluntary compliance initiative for taxpayers who utilize abusive tax avoidance transactions to underreport personal income or corporate income or excise taxes. Establishes reporting and registration requirements and enhanced penalties for persons who use abusive tax avoidance transactions, or who serve as material advisors for certain transactions. Extends period for which notice of deficiency may be issued in cases in which returns reflect use of abusive tax avoidance transactions. Directs Department of Revenue to establish general tax amnesty program of limited duration. Waives penalties for personal income taxpayers who pay outstanding taxes. Increases penalties on taxpayers who fail to fully participate. Sunsets amnesty program January 2, 2012. Requires mandatory withholding of income tax from distributions from employer-sponsored retirement plans. Requires mandatory withholding of income tax when Oregon real property interests are sold by nonresidents. Applies to distributions and sales occurring on or after January 1, 2008. Allows local governments that impose personal income tax that meets certain requirements to request that Department of Revenue provide collection services, including collection of tax on state income tax return forms. Appropriates moneys from Local Income Tax Collections Fund to Department of Revenue for cost reimbursement and distribution to local governments. Authorizes state agencies, boards and commissions that issue occupational or professional licenses to require licensees to demonstrate and maintain tax compliance as condition of issuance or renewal of license. Authorizes Department of Revenue to adopt rules that require payers of certain types of payments identified by department to withhold income tax from payments. Takes effect on 91st day following adjournment sine die.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

Its course

February 20 to June 28, 2007, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action3 actions on 3 days

In the House of RepresentativesFeb 20 to Jun 28 · stopped128 days

Waiting for a committeeFeb 20 to Feb 266 days

RevenueFeb 26 to Jun 28 · stopped122 days

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Feb 20 – Jun 28

  1. Feb 20Introduced
  2. Feb 26Sent to Revenue
  3. Jun 28Died when the session ended
All 3 actions, as published
  1. Feb 20First reading. Referred to Speaker's desk.House of Representatives
  2. Feb 26Referred to Revenue with subsequent referral to Ways and Means.House of Representatives
  3. Jun 28In committee upon adjournment.House of Representatives