2015 Regular Session
|At the request of:||(at the request of Governor John A. Kitzhaber, M.D., for Department of Revenue)|
|Bill Title:||Relating to penalty for substantial understatement by taxpayer; and prescribing an effective date.|
Replaces penalty for taxpayer's substantial understatement of taxable income with penalty for substantial understatement of net tax.
Provides for adjustment of net tax threshold amounts for inflation. Applies to tax years beginning on or after January 1, 2015. Takes effect on 91st day following adjournment sine die.
|Chapter Number:||Chapter 32|
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||No Revenue Impact, Statement Issued (Indeterminate Impact)|
|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|