l9n/ Oregon

2022 Regular Session

Senate Bill 1502

Creates income or corporate excise tax credit allowed to small forestland owner that elects to observe riparian timber harvest restriction applicable to large forestland owner, in lieu of using harvest option available to small forestland owner.

Became law as Chapter 34, Oregon Laws 2022, signed March 17, 2022, 44 days after it was filed. In force from June 3, 2022.

What it does

The synopsis the Legislative Assembly published with the bill.

Creates income or corporate excise tax credit allowed to small forestland owner that elects to observe riparian timber harvest restriction applicable to large forestland owner, in lieu of using harvest option available to small forestland owner.<b> Includes no-harvest dry channel portion of small nonfish perennial stream in forest conservation area eligible for tax credit. Prohibits transfer of credit to successor forestland owner.</b> Provides for allowance of credit and retention of harvest restrictions for 50 years. Applies to all tax years beginning on or after January 1, 2023. Allows credit to be used against estate tax, in the alternative to use as income tax credit. Applies to estates of decedents dying on or after January 1, 2023. 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

In the House of Representatives

    1 co-sponsor

    Rob Nosse

    Its course

    February 1 to April 1, 2022, 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 16 days

    In the SenateFeb 1 to Feb 2827 days

    Waiting for a committeeFeb 1 to Feb 10 days

    Natural Resources and Wildfire RecoveryFeb 1 to Feb 98 days

    Finance and RevenueFeb 9 to Feb 2415 days

    In the House of RepresentativesFeb 28 to Mar 33 days

    Waiting for a committeeFeb 28 to Feb 280 days

    RevenueFeb 28 to Mar 22 days

    With the GovernorMar 3 to Mar 1714 days

    Votes

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

    • Senate, third reading25–0

      Passed · Feb 28 · 5 present

    • House of Representatives, third reading57–0

      Passed · Mar 3 · 3 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Feb 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 1 – Feb 28

    1. Feb 1Introduced
    2. Sent to Natural Resources and Wildfire Recovery
    3. Heard in Natural Resources and Wildfire Recovery
    4. Feb 3Heard in Natural Resources and Wildfire Recovery
    5. Feb 8Heard in Natural Resources and Wildfire Recovery
    6. Feb 9Natural Resources and Wildfire Recovery recommended it, and that it go to Finance and Revenue
    7. Sent to Finance and Revenue
    8. Feb 16Heard in Finance and Revenue
    9. Feb 23Heard in Finance and Revenue
    10. Feb 24Finance and Revenue recommended it as amended
    11. Feb 25Read a second time
    12. Feb 28Passed the Senate, 25 to 0

    In the House of Representatives Feb 28 – Mar 3

    1. Feb 28Arrived in the House of Representatives
    2. Sent to Revenue
    3. Mar 1Heard in Revenue
    4. Mar 2Heard in Revenue
    5. Revenue recommended it
    6. Read a second time
    7. Mar 3Passed the House of Representatives, 57 to 0

    To the Governor Mar 4 – Apr 1

    1. Mar 4Signed in the Senate
    2. Mar 8Signed in the House of Representatives
    3. Mar 17Signed by the Governor
    4. Apr 1Became chapter 34 of Oregon Laws 2022
    5. In force from June 3, 2022
    All 24 actions, as published
    1. Feb 1Introduction and first reading. Referred to President's desk.Senate
    2. Feb 1Referred to Natural Resources and Wildfire Recovery, then Finance and Revenue.Senate
    3. Feb 1Informational Meeting held.Senate
    4. Feb 3Public Hearing held.Senate
    5. Feb 8Work Session held.Senate
    6. Feb 9Recommendation: Do pass and be referred to Finance and Revenue by prior reference.Senate
    7. Feb 9Referred to Finance and Revenue by prior reference.Senate
    8. Feb 16Public Hearing held.Senate
    9. Feb 23Work Session held.Senate
    10. Feb 24Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    11. Feb 25Second reading.Senate
    12. Feb 28Third reading. Carried by Armitage. Passed.Senate
    13. Feb 28First reading. Referred to Speaker's desk.House of Representatives
    14. Feb 28Referred to Revenue.House of Representatives
    15. Mar 1Public Hearing held.House of Representatives
    16. Mar 2Work Session held.House of Representatives
    17. Mar 2Recommendation: Do pass.House of Representatives
    18. Mar 2Second reading.House of Representatives
    19. Mar 3Third reading. Carried by Marsh. Passed.House of Representatives
    20. Mar 4President signed.Senate
    21. Mar 8Speaker signed.House of Representatives
    22. Mar 17Governor signed.Senate
    23. Apr 1Chapter 34, 2022 Laws.Senate
    24. Apr 1Effective date, June 3, 2022.Senate