l9n/ Oregon

2012 1st Special Session

House Bill 4200

Authorizes Governor, in consultation with Director of Oregon Business Development Department and Director of Department of Revenue, to enter into qualifying investment contracts with taxpayers that promise to make certain investments.

Became law as Chapter 1, Oregon Laws 2012, signed December 18, 2012, 4 days after it was filed. In force from March 15, 2013.

What it does

The synopsis the Legislative Assembly published with the bill.

Authorizes Governor<b>, in consultation with Director of Oregon Business Development Department</b> and Director of Department of Revenue<b>,</b> to enter into qualifying investment contracts with taxpayers that promise to make certain investments. Contractually obligates state to allow contracting taxpayers to apportion business income for tax purposes using single sales factor method. Establishes minimum and maximum terms of qualifying investment contracts and other minimum requirements for contracts. Provides remedies for state in action for breach of contract.<b> Directs Oregon Business Development Department to report to Legislative Assembly regarding progress of qualifying investment contracts, including taxpayer compliance with employment requirement.</b> 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

    1 co-sponsor

    JED

    Its course

    December 14 to December 18, 2012, 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 action18 actions on 2 days

    In the House of RepresentativesDec 14 to Dec 140 days

    Waiting for a committeeDec 14 to Dec 140 days

    Economic DevelopmentDec 14 to Dec 140 days

    In the SenateDec 14 to Dec 140 days

    Waiting for a committeeDec 14 to Dec 140 days

    Economic DevelopmentDec 14 to Dec 140 days

    With the GovernorDec 14 to Dec 184 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • House of Representatives, third reading50–5

      Passed · Dec 14 · 5 present

    • Senate, third reading22–6

      Passed · Dec 14 · 2 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Dec 14

    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 Dec 14

    1. Dec 14Introduced
    2. Sent to Economic Development
    3. Heard in Economic Development
    4. Economic Development recommended it as amended
    5. Read a second time
    6. Passed the House of Representatives, 50 to 5

    In the Senate Dec 14

    1. Dec 14Arrived in the Senate
    2. Sent to Economic Development
    3. Economic Development recommended it
    4. Read a second time
    5. Passed the Senate, 22 to 6

    To the Governor Dec 14 – Dec 18

    1. Dec 14Signed in the House of Representatives
    2. Signed in the Senate
    3. Dec 18Signed by the Governor
    4. Became chapter 1 of Oregon Laws 2012, in force from March 15, 2013
    All 18 actions, as published
    1. Dec 14First reading.House of Representatives
    2. Dec 14Referred to Economic Development.House of Representatives
    3. Dec 14Public Hearing and Work Session held.House of Representatives
    4. Dec 14Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
    5. Dec 14Rules suspended. Second reading.House of Representatives
    6. Dec 14Rules suspended. Third reading. Carried by Barnhart,Berger. Passed.House of Representatives
    7. Dec 14Potential conflict(s) of interest declared by Cameron, Read.House of Representatives
    8. Dec 14Vote explanation(s) filed by Keny-Guyer, Tomei.House of Representatives
    9. Dec 14First reading.Senate
    10. Dec 14Referred to Economic Development.Senate
    11. Dec 14Recommendation: Do pass the A-Eng. bill.Senate
    12. Dec 14Rules suspended. Second reading.Senate
    13. Dec 14Rules suspended. Third reading. Carried by Burdick. Passed.Senate
    14. Dec 14Vote explanation(s) filed by Close, Kruse, Olsen.Senate
    15. Dec 14Co-Speakers signed.House of Representatives
    16. Dec 14President signed.Senate
    17. Dec 18Governor signed.House of Representatives
    18. Dec 18Chapter 1, (2012 Laws): Effective date March 15, 2013.House of Representatives