l9n/ Oregon

2013 1st Special Session

House Bill 3601

Increases corporate excise tax rate on taxable income between $1 million and $10 million.

Became law as Chapter 5, Oregon Laws 2013, signed October 8, 2013, 8 days after it was filed. In force from January 1, 2014.

What it does

The synopsis the Legislative Assembly published with the bill.

Increases corporate excise tax rate on taxable income between $1 million and $10 million. Eliminates personal exemption credit for taxpayer with federal adjusted gross income of $100,000 or more for single return, or $200,000 or more for joint return. Modifies income tax treatment of senior medical expenses. Converts itemized deduction to subtraction from federal taxable income. Phases out amount of subtraction based on income. Increases age restriction over time. <b>Applies to tax years beginning on or after January 1, 2013.</b> Increases percentage of federal earned income credit allowable as credit against Oregon personal income tax. <b>Applies to tax years beginning on or after January 1, 2014.</b> Exempts existing interest charge domestic international sales corporations from corporate minimum tax<b>. Imposes tax on commission received by domestic international sales corporation. Creates subtraction from federal taxable income for dividend received from domestic international sales corporation.</b> <i>and provides reduced corporate excise tax rate.</i>] Applies to tax years beginning on or after January 1, 2013. Allows for reduced rates of personal income tax imposed on nonpassive income attributable to partnership or S corporation if certain conditions are met. Applies to tax years beginning on or after January 1, 2015. Adjusts certain rates if revenue loss attributable to reduced rates departs from target percentage. Incrementally increases tax on cigarettes over five years. Distributes tax revenues from increase on cigarette tax to Oregon Health Authority for mental health programs. First applies to distributions of cigarettes occurring on or after January 1, 2014. Increases rate above which revenue from corporate excise tax for tax years beginning on or after January 1, 2013, and before January 1, 2017, is to be deposited in Oregon Rainy Day Fund. 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

    JSS

    Its course

    September 30 to October 8, 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 action19 actions on 5 days

    In the House of RepresentativesSep 30 to Oct 22 days

    Waiting for a committeeSep 30 to Sep 300 days

    Special SessionSep 30 to Oct 11 day

    In the SenateOct 2 to Oct 20 days

    Waiting for a committeeOct 2 to Oct 20 days

    Special SessionOct 2 to Oct 20 days

    With the GovernorOct 2 to Oct 86 days

    Votes

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

    • House of Representatives, third reading36–19

      Passed · Oct 2 · 5 present

    • Senate, third reading18–10

      Passed · Oct 2 · 2 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Oct 1

    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 Sep 30 – Oct 2

    1. Sep 30Introduced
    2. Sent to Special Session
    3. Heard in Special Session
    4. Oct 1Heard in Special Session
    5. Special Session recommended it as amended
    6. Oct 2Read a second time
    7. Passed the House of Representatives, 36 to 19

    In the Senate Oct 2

    1. Oct 2Arrived in the Senate
    2. Sent to Special Session
    3. Special Session recommended it
    4. Read a second time
    5. Passed the Senate, 18 to 10

    To the Governor Oct 3 – Oct 8

    1. Oct 3Signed in the House of Representatives
    2. Signed in the Senate
    3. Oct 8Signed by the Governor
    4. Became chapter 5 of Oregon Laws 2013, in force from January 1, 2014
    All 19 actions, as published
    1. Sep 30First reading. Referred to Speaker's desk.House of Representatives
    2. Sep 30Referred to Special Session.House of Representatives
    3. Sep 30Public Hearing held.House of Representatives
    4. Oct 1Work Session held.House of Representatives
    5. Oct 1Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
    6. Oct 2Second reading.House of Representatives
    7. Oct 2Rules suspended. Third reading. Carried by Read, Davis. Passed.House of Representatives
    8. Oct 2Potential conflict(s) of interest declared by Barton.House of Representatives
    9. Oct 2First reading. Referred to President's desk.Senate
    10. Oct 2Referred to Special Session.Senate
    11. Oct 2Recommendation: Do pass the A-Eng. bill.Senate
    12. Oct 2Second reading.Senate
    13. Oct 2Rules suspended. Third reading. Carried by Burdick. Passed.Senate
    14. Oct 2Vote explanation(s) filed by Bates, Hass, Knopp, Monnes Anderson, Rosenbaum, Steiner Hayward, Winters.Senate
    15. Oct 2Boquist, George declared potential conflict of interest.Senate
    16. Oct 3Speaker signed.House of Representatives
    17. Oct 3President signed.Senate
    18. Oct 8Governor signed.House of Representatives
    19. Oct 8Chapter 5, (2013 Laws): Effective date January 1, 2014.House of Representatives