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2017 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors: Revenue
Bill Title: Relating to use of capital gains revenue for educational grants; prescribing an effective date.
Catchline/Summary: Requires Department of Revenue to estimate projected amount of revenue, attributable to net capital gain, to be received by department for current tax year and to estimate amount received for previous tax year.
Directs department to calculate standard deviation and, if amount received exceeds estimate by more than one standard deviation, to transfer amount equal to excess to Higher Education Coordinating Commission to be used for grants pursuant to Oregon Opportunity Grant program. Applies to tax years beginning on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.
Chapter Number:
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
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events