2011 Regular Session
|At the request of:|
|Bill Title:||Relating to state finance; prescribing an effective date.|
Implements House Joint Resolution 47 (2011).
Limits amount of excess personal income tax revenues returned to personal income taxpayers to $500 per taxpayer. Transfers any remainder of excess to Oregon Fund. Transfers corporate kicker to Oregon Fund. Changes statutory references to Oregon Rainy Day Fund to Oregon Fund. Repeals obsolete statutory provisions relating to Oregon Rainy Day Fund. Allows tax credit against corporate taxes otherwise due to C corporation taxpayer with Oregon sales of less than $5 million for tax year beginning on or after January 1, 2011. Takes effect only if House Joint Resolution 47 (2011) is approved by people at next regular general election. Takes effect on effective date of constitutional amendment proposed in House Joint Resolution 47 (2011).
|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|