Relating to depreciation of assets; prescribing an effective date.
Summary
Disconnects, in calculation of Oregon taxable income, from federal depreciation computation and federal rules for expensing of depreciable business assets for purposes of personal income tax or corporate excise tax. Applies to property placed in service in tax years beginning on or after January 1, 2018, and to tax years beginning on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jul 7, 2017
Legislature · Reported by committee
In committee upon adjournment.
Feb 20, 2017
Legislature · Referred to committee
Referred to Revenue.
Feb 15, 2017
Legislature · Introduced
First reading. Referred to Speaker's desk.
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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