Relating to revenue; and prescribing an effective date.
Summary
Requires Legislative Revenue Officer to study personal income taxation. Directs Legislative Revenue Officer to submit findings to interim committees of Legislative Assembly related to revenue not later than September 15, 2024. ] Extends sunset provisions for various tax credits. Expands purposes for which qualified borrower may use loan proceeds, in connection with tax credits allowed for affordable housing lenders, to include limited equity cooperatives, with certain conditions. Applies to tax years beginning on or after January 1, 2024. Exempts from state income tax military pay received by Oregon National Guard member while in active service of state or on state active duty. Applies to tax years beginning on or after January 1, 2021. Creates credit against income taxes for selling publicly supported housing to retain as affordable housing. Applies to sales of housing completed in tax years beginning on or after January 1, 2024, and before January 1, 2030. Takes effect on 91st day following adjournment sine die.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2023
Committee Review
Jun 2023
House Passage
Jun 2023
Senate Passage
Jun 2023
Signed into Law
Aug 2023
Introduced Jan 9, 2023
Signed Aug 1, 2023
Floor votes · Senate Jun 22, 2023 · House Jun 13, 2023
How they voted
24–0
Passed · 5 other
Total votes 29
Jun 22, 2023
D
Democratic17
100% Yea
I
Independent1
0% Nay
R
Republican11
63% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
21
Key actions
7
Committee
6
Aug 1, 2023
Signed into law
Governor signed.
lower
Jun 24, 2023
Upper · Passed
President signed.
upper
Jun 24, 2023
Lower · Passed
Speaker signed.
lower
Jun 22, 2023
Introduced
Vote explanation(s) filed by Anderson.
upper
Jun 22, 2023
Upper · Passed
Third reading. Carried by Findley. Passed.
upper
Jun 20, 2023
Upper · Passed
Recommendation: Do pass the A-Eng. bill.
upper
Jun 15, 2023
Committee
Referred to Tax Expenditures.
upper
Jun 15, 2023
Introduced
First reading. Referred to President's desk.
upper
Jun 13, 2023
Lower · Passed
Rules suspended. Third reading. Carried by Nathanson. Passed.
lower
Jun 12, 2023
Lower · Passed
Recommendation: Do pass with amendments and be printed A-Engrossed.
lower
May 26, 2023
Committee
Referred to Tax Expenditures by order of Speaker.
lower
May 26, 2023
Committee
Without recommendation as to passage and be referred to Tax Expenditures.
lower
Jan 12, 2023
Committee
Referred to Revenue.
lower
Jan 9, 2023
Introduced
First reading. Referred to Speaker's desk.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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