l9n/ Oregon

2021 Regular Session

Senate Bill 727

Establishes elective entity-level, pass-through business alternative income tax.

Became law as Chapter 589, Oregon Laws 2021, signed July 19, 2021, 165 days after it was filed. In force from September 25, 2021.

What it does

The synopsis the Legislative Assembly published with the bill.

Establishes elective entity-level, pass-through business alternative income tax. Imposes tax based on sum of members' shares of distributive proceeds. Transfers proceeds of tax to General Fund. Creates refundable personal income tax credit allowable to members of pass-through entity that elects to pay entity level tax. Allows credit in amount of member's pro rata share of entity-level tax paid. Applies to tax years beginning on or after January 1, 2022, and before January 1, 2024. <b>Repeals entity-level tax and related personal income tax credit. Becomes operative upon repeal of federal provision limiting personal income tax deduction for state and local taxes paid.</b> 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 4 to August 20, 2021, 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 action22 actions on 14 days

    In the SenateFeb 4 to Jun 17133 days

    Waiting for a committeeFeb 4 to Feb 106 days

    Finance and RevenueFeb 10 to Jun 15125 days

    In the House of RepresentativesJun 17 to Jun 258 days

    Waiting for a committeeJun 17 to Jun 170 days

    RevenueJun 17 to Jun 247 days

    Back in the SenateJun 25 to Jun 261 day

    With the GovernorJun 26 to Jul 1923 days

    Votes

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

    • Senate, third reading22–7

      Passed · Jun 17 · 1 present

    • House of Representatives, third reading48–7

      Passed · Jun 25 · 4 present

    • Senate, concurrence26–1

      Agreed to the other chamber's changes · Jun 25 · 3 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Jun 15

    • House of Representatives committee amendmentAdopted

      Adopted Jun 24

    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 4 – Jun 17

    1. Feb 4Introduced
    2. Feb 10Sent to Finance and Revenue
    3. Mar 17Heard in Finance and Revenue
    4. Mar 29Heard in Finance and Revenue
    5. May 5Heard in Finance and Revenue
    6. Jun 14Heard in Finance and Revenue
    7. Jun 15Finance and Revenue recommended it as amended
    8. Jun 16Read a second time
    9. Jun 17Passed the Senate, 22 to 7

    In the House of Representatives Jun 17 – Jun 25

    1. Jun 17Arrived in the House of Representatives
    2. Sent to Revenue
    3. Jun 24Heard in Revenue
    4. Revenue recommended it as amended
    5. Jun 25Read a second time
    6. Passed the House of Representatives, 48 to 7

    Back in the Senate Jun 25 – Jun 26

    1. Jun 25The Senate agreed to the House of Representatives's amendments and passed it again, 26 to 1
    2. Jun 26Signed in the Senate

    To the Governor Jun 26 – Aug 20

    1. Jun 26Signed in the House of Representatives
    2. Jul 19Signed by the Governor
    3. Aug 20Became chapter 589 of Oregon Laws 2021
    4. In force from September 25, 2021
    All 22 actions, as published
    1. Feb 4Introduction and first reading. Referred to President's desk.Senate
    2. Feb 10Referred to Finance and Revenue.Senate
    3. Mar 17Public Hearing held.Senate
    4. Mar 29Public Hearing held.Senate
    5. May 5Public Hearing held.Senate
    6. Jun 14Work Session held.Senate
    7. Jun 15Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    8. Jun 16Second reading.Senate
    9. Jun 17Third reading. Carried by Boquist, Burdick. Passed.Senate
    10. Jun 17Vote explanation(s) filed by Heard.Senate
    11. Jun 17First reading. Referred to Speaker's desk.House of Representatives
    12. Jun 17Referred to Revenue.House of Representatives
    13. Jun 24Public Hearing and Work Session held.House of Representatives
    14. Jun 24Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
    15. Jun 25Second reading.House of Representatives
    16. Jun 25Rules suspended. Third reading. Carried by Nathanson. Passed.House of Representatives
    17. Jun 25Rules suspended. Senate concurred in House amendments and repassed bill.Senate
    18. Jun 26President signed.Senate
    19. Jun 26Speaker signed.House of Representatives
    20. Jul 19Governor signed.Senate
    21. Aug 20Chapter 589, 2021 Laws.Senate
    22. Aug 20Effective date, September 25, 2021.Senate