l9n/ Oregon

2013 Regular Session

House Bill 3069

Provides that, for purposes of corporate taxation, expenses paid to related member for use of intangible property and required to be added to federal taxable income do not include expenses paid for valid business purpose to person that is not related member or to foreign corporation not connected with United States trade or business.

Became law as Chapter 467, Oregon Laws 2013, signed June 24, 2013, 124 days after it was filed. In force from October 7, 2013.

What it does

The synopsis the Legislative Assembly published with the bill.

Provides that, for purposes of corporate taxation, expenses paid to related member for use of intangible property and required to be added to federal taxable income do not include expenses paid<b> for valid business purpose to person that is not related member or</b> to foreign corporation not connected with United States trade or business.<b> Allows application to foreign transactions of provision allowing for disallowance of certain intercompany transactions involving intangible assets.</b> Applies to tax years beginning on or after January 1, 2010. <b>Repeals provision requiring taxpayer to add back expenses paid to related member for use of intangible property. Applies to tax years beginning on or after January 1, 2013.</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

4 co-sponsors

Jules Bailey, Chris Garrett, Tobias Read, Gene Whisnant

In the Senate

    4 co-sponsors

    Alan Bates, Larry George, Mark Hass, Betsy Johnson

    Its course

    February 20 to June 24, 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 action18 actions on 15 days

    In the House of RepresentativesFeb 20 to Jun 4104 days

    Waiting for a committeeFeb 20 to Feb 277 days

    RevenueFeb 27 to May 3193 days

    In the SenateJun 4 to Jun 139 days

    Waiting for a committeeJun 4 to Jun 62 days

    Finance and RevenueJun 6 to Jun 126 days

    With the GovernorJun 13 to Jun 2411 days

    Votes

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

    • House of Representatives, third reading57–0

      Passed · Jun 4 · 3 present

    • Senate, third reading30–0

      Passed · Jun 13

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted May 31

    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 4

    1. Feb 20Introduced
    2. Feb 27Sent to Revenue
    3. Mar 21Heard in Revenue
    4. May 29Heard in Revenue
    5. May 30Heard in Revenue
    6. May 31Revenue recommended it as amended
    7. Jun 3Read a second time
    8. Jun 4Passed the House of Representatives, 57 to 0

    In the Senate Jun 5 – Jun 13

    1. Jun 5Arrived in the Senate
    2. Jun 6Sent to Finance and Revenue
    3. Jun 10Heard in Finance and Revenue
    4. Jun 12Finance and Revenue recommended it
    5. Read a second time
    6. Jun 13Passed the Senate, 30 to 0

    To the Governor Jun 17 – Jun 24

    1. Jun 17Signed in the House of Representatives
    2. Signed in the Senate
    3. Jun 24Signed by the Governor
    4. Became chapter 467 of Oregon Laws 2013, in force from October 7, 2013
    All 18 actions, as published
    1. Feb 20First reading. Referred to Speaker's desk.House of Representatives
    2. Feb 27Referred to Revenue.House of Representatives
    3. Mar 21Public Hearing held.House of Representatives
    4. May 29Work Session held.House of Representatives
    5. May 30Work Session held.House of Representatives
    6. May 31Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
    7. Jun 3Second reading.House of Representatives
    8. Jun 4Third reading. Carried by Davis. Passed.House of Representatives
    9. Jun 5First reading. Referred to President's desk.Senate
    10. Jun 6Referred to Finance and Revenue.Senate
    11. Jun 10Public Hearing and Work Session held.Senate
    12. Jun 12Recommendation: Do pass the A-Eng. bill.Senate
    13. Jun 12Second reading.Senate
    14. Jun 13Third reading. Carried by George. Passed.Senate
    15. Jun 17Speaker signed.House of Representatives
    16. Jun 17President signed.Senate
    17. Jun 24Governor signed.House of Representatives
    18. Jun 24Chapter 467, (2013 Laws): Effective date October 7, 2013.House of Representatives