2011 Regular Session
|At the request of:|
|Bill Title:||Relating to net operating losses; and prescribing an effective date.|
Provides, for purposes of personal income taxation, that subtraction from federal taxable income is not allowed for amounts included in calculation of Oregon net operating loss.
For purposes of corporate excise taxation, allows increase in amount deducted as net operating loss carryforward to account for federal adjustments or modifications to taxable income that were disallowed, under Oregon law, in year of loss, less any further Oregon adjustment or modification.] Applies to tax years beginning on or after January 1, 2011] 2009. Takes effect on 91st day following adjournment sine die.
|Chapter Number:||Chapter 685|
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|