Sign Up
SB 158 Oregon Senate · 2023 Regular Session

Relating to the pass-through business alternative income tax; prescribing an effective date.

Summary
Extends sunsets for pass-through business alternative income tax and related personal income tax credit. Includes trusts among types of members that cause pass-through entity to be eligible to elect to pay tax. Requires member of pass-through entity to add back amount of Oregon tax deducted for federal income tax purposes. Allows pass-through entity to credit overpayment of tax against estimated tax installment for subsequent tax year. Applies to tax years beginning on or after January 1, 2023, and before January 1, 2026. Takes effect on 91st day following adjournment sine die.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2023 Last action Jun 25, 2023
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
8
Key actions
2
Committee
5
Jun 25, 2023
Upper · Passed
In committee upon adjournment.
upper
Apr 10, 2023
Committee
Referred to Ways and Means by order of the President.
upper
Apr 10, 2023
Committee
Subsequent referral rescinded by order of the President.
upper
Apr 10, 2023
Upper · Passed
Recommendation: Do pass with amendments, be printed A-Engrossed, request subsequent referral to Tax Expenditures be rescinded, and request subsequent referral to Ways & Means.
upper
Jan 15, 2023
Committee
Referred to Finance and Revenue, then Tax Expenditures.
upper
Jan 9, 2023
Introduced
Introduction and first reading. Referred to President's desk.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.