l9n/ Oregon

2015 Regular Session

House Bill 2882

Requires Department of Revenue to transfer 10 percent of total annual amount of personal income tax revenue attributable to eligible projects located in counties for which cumulative amount exceeds $5 million to Local Economic Opportunity Fund.

Did not become law. It stopped in the House of Representatives's Revenue Committee on July 6, 2015. The 2015 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires Department of Revenue to transfer 10 percent of total annual amount of personal income tax revenue attributable to eligible projects located in counties for which cumulative amount exceeds $5 million to Local Economic Opportunity Fund. Continuously appropriates transferred moneys and interest on transferred moneys in fund to Oregon Business Development Department for grant program to support economic development in fiscally distressed counties. Requires Department of Revenue to transfer to Shared Services Fund cumulative amount for all eligible projects, less amount of transfer to Local Economic Opportunity Fund, multiplied by 50 percent. In county for which total amount of personal income tax revenue attributable to eligible project exceeds $5 million, requires 40 percent of distribution county would otherwise receive to be distributed to school districts with schools in county and to State School Fund for distribution to school districts without schools in county. Excludes distributions to school districts from local revenues for purposes of State School Fund distributions. Extends sunset of shared services transfer statutes. Clarifies that statute requiring transfers applies to income taxes attributable to eligible project approved for exemption before sunset date for length of exemption. 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

    HREV

    Its course

    February 4 to July 6, 2015, 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 4 to Jul 6 · stopped152 days

    Waiting for a committeeFeb 4 to Feb 117 days

    RevenueFeb 11 to Jul 6 · stopped145 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 4 – Jul 6

    1. Feb 4Introduced
    2. Feb 11Sent to Revenue
    3. Jul 6Died when the session ended
    All 3 actions, as published
    1. Feb 4First reading. Referred to Speaker's desk.House of Representatives
    2. Feb 11Referred to Revenue.House of Representatives
    3. Jul 6In committee upon adjournment.House of Representatives