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2017 Regular Session
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At the request of: (at the request of Senate Interim Committee on Finance and Revenue)
Chief Sponsors:
Regular Sponsors: (Presession Filed)
Bill Title: Relating to exemption from taxation for property of certain charitable institutions; prescribing an effective date.
Catchline/Summary: Requires certain institutions seeking property tax exemption to file information return that states basis for exemption claim in terms derived from Oregon case law.
Requires information return to be accompanied by institution's most recently required and timely filed Form 990 or Form CT-12 , as applicable, filed for current tax year]. Requires institution that files Form 990-N to file information return postcard instead of information return] containing information on institution's most recently required and timely filed Form 990-N. Denies exemption for noncompliance. Provides for clawback of exempt taxes upon discovery that information in return or postcard] or in exemption claim was misleading or false. Makes information returns and information return postcards exempt from disclosure. Makes it unlawful for county assessor to disclose information or particulars set forth in information return or information return postcard, with certain exceptions for regulatory purposes or publication of anonymous statistics. Punishes by maximum of five years' imprisonment, $125,000 fine, or both.] Requires county assessors to keep information returns as public records. Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact: Fiscal Impact Issued
Revenue Impact: Revenue Impact 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