l9n/ Oregon

2013 Regular Session

House Bill 2763

Allows taxpayer to carry over tax credit allowed for qualified equity investment up to fifth succeeding tax year.

Became law as Chapter 744, Oregon Laws 2013, signed August 14, 2013, 189 days after it was filed. In force from October 7, 2013.

What it does

The synopsis the Legislative Assembly published with the bill.

<i>For purposes of</i>]<b> Allows taxpayer to carry over</b> tax credit allowed for qualified equity investment <i>, allows taxpayer to claim less than full amount of credit</i>]<b> up to fifth succeeding tax year</b>. Increases maximum amount of qualified low-income community investments that may be made with proceeds of qualified equity investments that are certified for tax credit. Provides that reduction in corporate excise tax through application of credit allowed for qualified equity investment is not considered in calculation of retaliatory tax imposed against insurer. Establishes timeframe during which qualified equity investment may be issued. Applies to <b>qualified equity</b> investments made on or after July 1, 2012, <b>to qualified low-income community investments made on or after January 1, 2014,</b> and to tax years beginning on or after January 1, 2013. <b>Requires Oregon Business Development Department to annually report to Oregon Department of Administrative Services costs and fees for administering tax credit, and other specified information. Requires that report be posted to Oregon transparency website.</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

    HTED

    Its course

    February 6 to August 14, 2013, 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 action21 actions on 17 days

    In the House of RepresentativesFeb 6 to Apr 1063 days

    Waiting for a committeeFeb 6 to Feb 137 days

    Transportation and Economic DevelopmentFeb 13 to Apr 854 days

    In the SenateApr 10 to Jun 2879 days

    Waiting for a committeeApr 10 to Apr 177 days

    Business and TransportationApr 17 to Jun 347 days

    Finance and RevenueJun 3 to Jun 2623 days

    Back in the House of RepresentativesJun 28 to Jul 35 days

    With the GovernorJul 3 to Aug 1442 days

    Votes

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

    • House of Representatives, third reading59–0

      Passed · Apr 10 · 1 present

    • Senate, third reading29–0

      Passed · Jun 28 · 1 present

    • House of Representatives, concurrence58–0

      Agreed to the other chamber's changes · Jun 28 · 2 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Apr 8

    • Senate committee amendmentAdopted

      Adopted Jun 3

    • Senate committee amendmentAdopted

      Adopted Jun 26

    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 6 – Apr 10

    1. Feb 6Introduced
    2. Feb 13Sent to Transportation and Economic Development
    3. Apr 3Heard in Transportation and Economic Development
    4. Apr 8Transportation and Economic Development recommended it as amended
    5. Apr 9Read a second time
    6. Apr 10Passed the House of Representatives, 59 to 0

    In the Senate Apr 11 – Jun 28

    1. Apr 11Arrived in the Senate
    2. Apr 17Sent to Business and Transportation
    3. May 23Heard in Business and Transportation
    4. Jun 3Business and Transportation recommended it as amended
    5. Sent to Finance and Revenue
    6. Jun 19Heard in Finance and Revenue
    7. Jun 26Finance and Revenue recommended it as amended
    8. Jun 27Read a second time
    9. Jun 28Passed the Senate, 29 to 0

    Back in the House of Representatives Jun 28 – Jul 3

    1. Jun 28The House of Representatives agreed to the Senate's amendments and passed it again, 58 to 0
    2. Jul 3Signed in the House of Representatives

    To the Governor Jul 5 – Aug 14

    1. Jul 5Signed in the Senate
    2. Aug 14Signed by the Governor
    3. Became chapter 744 of Oregon Laws 2013, in force from October 7, 2013
    All 21 actions, as published
    1. Feb 6First reading. Referred to Speaker's desk.House of Representatives
    2. Feb 13Referred to Transportation and Economic Development with subsequent referral to Ways and Means.House of Representatives
    3. Apr 3Public Hearing and Work Session held.House of Representatives
    4. Apr 8Recommendation: Do pass with amendments, be printed A-Engrossed, and subsequent referral to Ways and Means be rescinded.House of Representatives
    5. Apr 8Subsequent referral to Ways and Means rescinded by order of the Speaker.House of Representatives
    6. Apr 9Second reading.House of Representatives
    7. Apr 10Third reading. Carried by Read. Passed.House of Representatives
    8. Apr 11First reading. Referred to President's desk.Senate
    9. Apr 17Referred to Business and Transportation.Senate
    10. May 23Public Hearing and Work Session held.Senate
    11. Jun 3Recommendation: Do Pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
    12. Jun 3Referred to Finance and Revenue by order of the President.Senate
    13. Jun 19Work Session held.Senate
    14. Jun 26Recommendation: Do pass with amendments to the B-Eng. bill. (Printed C-Eng.)Senate
    15. Jun 27Second reading.Senate
    16. Jun 28Third reading. Carried by Burdick. Passed.Senate
    17. Jun 28Rules suspended. House concurred in Senate amendments and repassed bill.House of Representatives
    18. Jul 3Speaker signed.House of Representatives
    19. Jul 5President signed.Senate
    20. Aug 14Governor signed.House of Representatives
    21. Aug 14Chapter 744, (2013 Laws): Effective date October 7, 2013.House of Representatives