l9n/ Oregon

2019 Regular Session

Senate Bill 851

Requires, for Oregon personal income tax purposes, taxpayers to add back amounts deducted as deemed repatriation under one-time transition tax.

Became law as Chapter 556, Oregon Laws 2019, signed July 15, 2019, 139 days after it was filed. In force from September 29, 2019.

What it does

The synopsis the Legislative Assembly published with the bill.

<b>Requires, for Oregon personal income tax purposes, taxpayers to add back amounts deducted as deemed repatriation under one-time transition tax. Requires Department of Revenue to waive penalty or interest due to underpayment or underreporting resulting from add-back requirement. Applies to tax years beginning on or after January 1, 2017.</b> Requires, for Oregon <b>corporate excise or income</b> tax purposes, addition to federal taxable income of amounts deducted as global intangible low-tax income. <b>Allows 80 percent dividends received deduction for global intangible low-tax income. Provides for treatment of global intangible low-tax income in same manner as dividend. Requires apportionment of dividend or global intangible low-taxed income according to taxpayer's applicable apportionment formula. Disallows deduction for foreign-source dividend income, and excludes foreign-source dividend income from apportionment calculation.</b> Applies to tax years beginning on or after January 1, 2018. 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 Senate

    1 co-sponsor

    SFR

    Its course

    February 26 to July 23, 2019, 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 action24 actions on 19 days

    In the SenateFeb 26 to Jun 17111 days

    Waiting for a committeeFeb 26 to Feb 271 day

    Finance and RevenueFeb 27 to Jun 12105 days

    In the House of RepresentativesJun 17 to Jun 247 days

    Waiting for a committeeJun 17 to Jun 181 day

    RevenueJun 18 to Jun 202 days

    With the GovernorJun 24 to Jul 1521 days

    Votes

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

    • Senate, third reading22–7

      Passed · Jun 17

    • House of Representatives, third reading46–11

      Passed · Jun 24 · 3 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Jun 12

    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 Senate Feb 26 – Jun 17

    1. Feb 26Introduced
    2. Feb 27Sent to Finance and Revenue
    3. Mar 14Heard in Finance and Revenue
    4. Apr 24Heard in Finance and Revenue
    5. May 2Heard in Finance and Revenue
    6. May 9Heard in Finance and Revenue
    7. Jun 6Heard in Finance and Revenue
    8. Jun 10Heard in Finance and Revenue
    9. Jun 12Finance and Revenue recommended it as amended
    10. Jun 13Read a second time
    11. Jun 17Passed the Senate, 22 to 7

    In the House of Representatives Jun 17 – Jun 24

    1. Jun 17Arrived in the House of Representatives
    2. Jun 18Sent to Revenue
    3. Jun 20Heard in Revenue
    4. Revenue recommended it
    5. Read a second time
    6. Jun 24Passed the House of Representatives, 46 to 11

    To the Governor Jun 27 – Jul 23

    1. Jun 27Signed in the Senate
    2. Jun 29Signed in the House of Representatives
    3. Jul 15Signed by the Governor
    4. Jul 23Became chapter 556 of Oregon Laws 2019
    5. In force from September 29, 2019
    All 24 actions, as published
    1. Feb 26Introduction and first reading. Referred to President's desk.Senate
    2. Feb 27Referred to Finance and Revenue.Senate
    3. Mar 14Public Hearing held.Senate
    4. Apr 24Public Hearing and Work Session held.Senate
    5. Apr 30Public Hearing and Work Session cancelled.Senate
    6. May 2Public Hearing and Work Session held.Senate
    7. May 9Work Session held.Senate
    8. Jun 6Work Session held.Senate
    9. Jun 10Public Hearing and Work Session held.Senate
    10. Jun 12Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    11. Jun 13Second reading.Senate
    12. Jun 17Third reading. Carried by Hass. Passed.Senate
    13. Jun 17Vote explanation filed by Boquist.Senate
    14. Jun 17First reading. Referred to Speaker's desk.House of Representatives
    15. Jun 18Referred to Revenue.House of Representatives
    16. Jun 20Public Hearing and Work Session held.House of Representatives
    17. Jun 20Recommendation: Do pass.House of Representatives
    18. Jun 20Second reading.House of Representatives
    19. Jun 24Third reading. Carried by Smith Warner. Passed.House of Representatives
    20. Jun 27President signed.Senate
    21. Jun 29Speaker signed.House of Representatives
    22. Jul 15Governor signed.Senate
    23. Jul 23Chapter 556, 2019 Laws.Senate
    24. Jul 23Effective date, September 29, 2019.Senate