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2015 Regular Session
Overview
At the request of: (at the request of Governor John A. Kitzhaber, M.D., for Department of Revenue)
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to penalty for substantial understatement by taxpayer; and prescribing an effective date.
Catchline/Summary: 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
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events