2015 Regular Session
|At the request of:|
|Bill Title:||Relating to qualified equity investments; prescribing an effective date.|
Expands conditions necessary for qualified community development entity to earn tax credit for qualified equity investment.
Requires prior approval by Oregon Department of Business Development and subsequent proof of investment in qualified low-income community investment or in qualified active low-income community business. Allows department to establish preferences for certifying qualified equity investments. Applies to investments made on or after January 1, 2016, to qualified equity investments certified on or after January 1, 2016, and to tax years beginning on or after January 1, 2016. Extends sunset for tax credit for qualified equity investment. 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|