2017 Regular Session
|At the request of:||(at the request of Governor Kate Brown for Department of Revenue)|
|Regular Sponsors:||Introduced and printed pursuant to House Rule 12.00. Presession filed|
|Bill Title:||Relating to methods of determining taxpayer business activity in state; and prescribing an effective date.|
Removes functional test for purposes of apportionment of business income of corporate excise taxpayer by defining "sales" to exclude amounts that are received by taxpayer from certain transactions, received in role as agent or held in trust.
Authorizes Department of Revenue to designate other exceptions by rule. Applies to tax years beginning on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.
|Chapter Number:||Chapter 622|
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||Has Minimal Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|