l9n/ Oregon

2023 Regular Session

Senate Bill 1084

Restores tax credit allowed for qualified research activities at increased maximum credit amount.

Did not become law. It stopped in the Senate's Tax Expenditures Committee on June 25, 2023. The 2023 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Restores tax credit allowed for qualified research activities at increased maximum credit amount. Expands availability of credit to personal income taxpayers. Provides for refundability of portion of credit for taxpayer with fewer than 150 employees and for transferability of credit. Sets limit for credits allowed for transfer in state per tax year. Increases maximum amount of alternative qualified research credit allowed to taxpayer with insufficient increase in research expenses to claim standard credit. Exempts from commercial activity subject to corporate activity tax amount of qualified research credit allowed against corporate excise tax. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2030. Extends sunsets of certain programs providing economic incentives. <b>Provides that business firm is not eligible to claim enterprise zone exemptions if significantly engaged in operating retail purchase fulfillment center. <b>Increases maximum community service fee for strategic investment program and indexes fee amount for inflation. <b>Increases taxable portion of real market value of eligible project in strategic investment program. <b>Increases maximum annual amount of distribution county may receive under gain share program and indexes maximum amount for inflation. <b>Directs Oregon Business Development Department, in consultation with Legislative Revenue Officer, to study transparency of agreements related to enterprise zone programs entered into between zone sponsors and business firms. Requires department to report study findings to interim committees of Legislative Assembly related to economic development.</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

Lynn Findley

In the House of Representatives

Its course

March 15 to June 25, 2023, 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 action9 actions on 8 days

In the SenateMar 15 to Jun 25 · stopped102 days

Waiting for a committeeMar 15 to Mar 205 days

Finance and RevenueMar 20 to May 2465 days

Tax ExpendituresMay 24 to Jun 25 · stopped32 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted May 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 Mar 15 – Jun 25

  1. Mar 15Introduced
  2. Mar 20Sent to Finance and Revenue
  3. Apr 5Heard in Finance and Revenue
  4. May 22Heard in Finance and Revenue
  5. May 24Finance and Revenue recommended it as amended, and that it go to Tax Expenditures
  6. Sent to Tax Expenditures
  7. Jun 2Heard in Tax Expenditures
  8. Jun 25Died when the session ended
All 9 actions, as published
  1. Mar 15Introduction and first reading. Referred to President's desk.Senate
  2. Mar 20Referred to Finance and Revenue, then Tax Expenditures.Senate
  3. Apr 5Public Hearing held.Senate
  4. May 18Work Session cancelled.Senate
  5. May 22Work Session held.Senate
  6. May 24Recommendation: Do pass with amendments and be referred to Tax Expenditures by prior reference. (Printed A-Eng.)Senate
  7. May 24Referred to Tax Expenditures by prior reference.Senate
  8. Jun 2Public Hearing held.Senate
  9. Jun 25In committee upon adjournment.Senate