House Bill 4028

Limits expenses for which dependent care income tax credit may be claimed to <i>combination of</i>] earned income taxable by Oregon <i>and imputed income</i>], using lesser amount attributable to either spouse on joint return. <i>Provides for calculation based upon imputed income to allow degree-seeking enrolled student to claim credit.</i>] Modifies annual limitation on total amount of tax credits for production or collection of bovine manure allowed for all taxpayers by tying limitation to calendar year instead of tax year. Modifies terms. Provides that qualified borrower on loan related to manufactured dwelling park for which lending institution may be allowed tax credit for qualified loan includes nonprofit corporation or housing authority with controlling interest in real property. Applies to tax years beginning on or after January 1, 2018. Allows Legislative Assembly to appropriate to Oregon Production Investment Fund balance of amount allowed for certification, but not certified, for tax credit for contributions to fund for current or upcoming fiscal year. Applies to fiscal years beginning on or after July 1, 2017. <b>Provides for transfer and abatement of clawback of property taxes not imposed with respect to land that ceases to be exempt as land held for cemetery or crematory purposes if land is purchased for purpose of providing low income housing subject to certain property tax exemption programs for at least 10 consecutive property tax years. Adjusts sunset date for property tax exemption for low income rental housing. For purposes of certain economic development property tax benefits, provides that "eligible location" includes location not formerly used for industrial purposes and "eligible property" may be property appraised either by county or by Department of Revenue and clarifies definition of "rural area."</b> Takes effect on 91st day following adjournment sine die.

• House of Representatives, third reading60–0

  Passed · Feb 28

• Senate, third reading28–1

  Passed · Mar 3 · 1 present

• House of Representatives, concurrence58–0

  Agreed to the other chamber's changes · Mar 3 · 2 present

• House of Representatives committee amendmentAdopted

  Adopted Feb 26

• Senate committee amendmentAdopted

  Adopted Mar 2

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 22 – Feb 28

1. Jan 22Filed before the session
2. Feb 5Introduced
3. Sent to Revenue
4. Heard in Revenue
5. Feb 12Heard in Revenue
6. Feb 15Heard in Revenue
7. Feb 19Heard in Revenue
8. Feb 21Heard in Revenue
9. Feb 22Heard in Revenue
10. Feb 26Revenue recommended it as amended
11. Feb 27Read a second time
12. Feb 28Passed the House of Representatives, 60 to 0

In the Senate Mar 1 – Mar 3

1. Mar 1Arrived in the Senate
2. Sent to Finance and Revenue
3. Mar 2Heard in Finance and Revenue
4. Finance and Revenue recommended it as amended
5. Mar 3Read a second time
6. Passed the Senate, 28 to 1

Back in the House of Representatives Mar 3 – Mar 6

1. Mar 3The House of Representatives agreed to the Senate's amendments and passed it again, 58 to 0
2. Mar 6Signed in the House of Representatives

To the Governor Mar 13 – Apr 18

1. Mar 13Signed in the Senate
2. Apr 13Signed by the Governor
3. Apr 18Became chapter 111 of Oregon Laws 2018, in force from June 2, 2018