House Bill 2456

Makes corrections to and updates tax statutes. Allows governing body of local government to elect definition of "low income" from expanded definition for purposes of certain rental property tax exemptions. Clarifies that property tax exemption for environmentally sensitive logging equipment applies to logging equipment actually used or held for use. Allows city to extend for 24 months deadline for completion of construction of single-unit housing eligible for property tax exemption. <i>Extends sunset for homestead property tax deferral program.</i>] <i>Aligns provision for calculating interest paid by Department of Revenue if refund is owed with similar interest provisions. Applies to tax refunds owing as of January 1, 2018.</i>] Allows tax credit for contribution to Oregon Production Investment Fund or for contribution <b>made by April 15 of tax year</b> to Opportunity Grant Fund for tax year immediately preceding current tax year, if return is not yet filed for preceding tax year. Applies to tax years beginning on or after January 1, <i>2019</i>]<b> 2021</b>, and before January 1, 2024. <i>Advances sunset and deadline for contributions for tax credit for donation to fiduciary organization for distribution to individual development accounts.</i>] <i>Provides that infrastructure for which tax credit for short line railroad rehabilitation is allowed may be leased. Establishes $700,000 per-taxpayer limit on tax credit in single tax year. Modifies prioritization process if preliminary certifications exceed total amount available for credit. Changes biennial cap on amount available for credit to annual cap. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2026.</i>] <i>Requires biennial review of special use fuel license fees by Department of Transportation and Oregon Transportation Commission.</i>] Allows Department of Revenue to disclose information about vehicle privilege tax to Department of Transportation. Authorizes municipal tax collection agency in city with population of 250,000 or more, for purpose of conducting certain criminal background checks, to require fingerprints and to enter into agreements with Department of State Police. <b>Creates exemption against personal income or corporate excise tax for sale of manufactured dwelling park destroyed by natural disaster to nonprofit corporation or housing authority, for redevelopment of park.</b> Takes effect on 91st day following adjournment sine die.

In the House of Representatives

• Nancy Nathanson

  Sponsor

• House of Representatives, third reading59–0

  Passed · Jun 17

• Senate, third reading28–1

  Passed · Jun 23 · 1 present

• House of Representatives committee amendmentAdopted

  Adopted Jun 14

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

In the House of Representatives Jan 11 – Jun 17

1. Jan 11Introduced
2. Jan 19Sent to Revenue
3. Jan 28Heard in Revenue
4. Jun 2Heard in Revenue
5. Jun 7Heard in Revenue
6. Jun 9Heard in Revenue
7. Jun 14Revenue recommended it as amended
8. Jun 16Read a second time
9. Jun 17Passed the House of Representatives, 59 to 0

In the Senate Jun 17 – Jun 23

1. Jun 17Arrived in the Senate
2. Sent to Finance and Revenue
3. Jun 21Heard in Finance and Revenue
4. Jun 23Finance and Revenue recommended it
5. Read a second time
6. Passed the Senate, 28 to 1

To the Governor Jun 24 – Sep 25

1. Jun 24Signed in the House of Representatives
2. Jun 26Signed in the Senate
3. Jul 19Signed by the Governor
4. Sep 25Became chapter 528 of Oregon Laws 2021, in force from September 25, 2021