(at the request of former state Representative Joe Smith)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to taxation on income reported to shareholders; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Replaces existing corporate excise or income tax with tax imposed on income reported to shareholders under federal securities law, as further allocated or apportioned to Oregon under existing law. Replaces existing corporate excise or income tax with tax imposed on income reported to shareholders under federal securities law, as further allocated or apportioned to Oregon under existing law. Retains existing corporate excise or income tax for corporations whose stock is not publicly traded.
Applies to tax years beginning on or after January 1, 2011.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 2935 House Committee On Revenue
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