l9n/ Oregon

2024 Regular Session

House Bill 4007

Creates an Oregon tax subtraction for amounts received in settlement of civil actions arising from wildfire.

Did not become law. It stopped in the Senate's Finance and Revenue Committee on March 7, 2024. The 2024 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Digest: Exempts awards from and legal fees paid in wildfire suits from income tax. (Flesch Readability Score: 76.5). Creates an Oregon tax subtraction for amounts received in settlement of civil actions arising from wildfire. [<i>Allows</i>] <b>Creates </b>an Oregon [<i>itemized deduction</i>] <b>tax subtraction</b> for wildfire-related legal fees paid by plaintiffs.<b> Allows taxpayer to amend return to claim refund for earliest tax year in which a subtraction is allowed.</b> Applies to <b>wildfire emergency declarations and executive orders issued on or after January 1, 2018, and before January 1, 2026, and to </b>amounts received<b>, losses incurred</b> and legal fees paid in all tax years beginning on or after January 1, [<i>2020</i>]<b> 2018</b>. Takes effect on the 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 House of Representatives

10 co-sponsors

Court Boice, Charlie Conrad, Ed Diehl, Mark Owens, Kevin Mannix, E. Werner Reschke, Pam Marsh, Zach Hudson, Brian Stout, Boomer Wright

In the Senate

1 co-sponsor

Tim Knopp

Its course

February 5 to March 7, 2024, 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 action11 actions on 6 days

In the House of RepresentativesFeb 5 to Mar 529 days

Waiting for a committeeFeb 5 to Feb 50 days

RevenueFeb 5 to Mar 428 days

In the SenateMar 5 to Mar 7 · stopped2 days

Waiting for a committeeMar 5 to Mar 50 days

Finance and RevenueMar 5 to Mar 7 · stopped2 days

Votes

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

  • House of Representatives, third reading56–0

    Passed · Mar 5 · 4 present

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Mar 4

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 House of Representatives Feb 5 – Mar 5

  1. Feb 5Introduced
  2. Sent to Revenue
  3. Feb 22Heard in Revenue
  4. Feb 27Heard in Revenue
  5. Mar 4Heard in Revenue
  6. Revenue recommended it as amended
  7. Mar 5Read a second time
  8. Passed the House of Representatives, 56 to 0

In the Senate Mar 5 – Mar 7

  1. Mar 5Arrived in the Senate
  2. Sent to Finance and Revenue
  3. Mar 7Died when the session ended
All 11 actions, as published
  1. Feb 5First reading. Referred to Speaker's desk.House of Representatives
  2. Feb 5Referred to Revenue.House of Representatives
  3. Feb 22Public Hearing held.House of Representatives
  4. Feb 27Informational Meeting held.House of Representatives
  5. Mar 4Work Session held.House of Representatives
  6. Mar 4Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
  7. Mar 5Second reading.House of Representatives
  8. Mar 5Rules suspended. Third reading. Carried by Cate. Passed.House of Representatives
  9. Mar 5First reading. Referred to President's desk.Senate
  10. Mar 5Referred to Finance and Revenue.Senate
  11. Mar 7In committee upon adjournment.Senate