2011 Regular Session
|At the request of:|
|Bill Title:||Relating to tax expenditures; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.|
Sunsets all income or corporate excise tax credits and all income or corporate excise tax deductions, subtractions or exemptions created by state law.
Retains tax expenditures required by federal law, by Oregon Constitution or to avoid double taxation. Establishes Tax Expenditure Review Commission. Directs commission to review all income or corporate excise tax expenditures, report to Legislative Assembly and make recommendations for proposed legislation. Sunsets commission on date of convening of 2013 legislative session. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|