Relating to charitable organizations; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Provides that tax-exempt charitable organization is subject to corporate excise tax if organization's expenditures on charitable activities and purposes for tax year do not exceed 30 percent of sum of charitable contributions and other income of organization for tax year. Provides that tax-exempt charitable organization is subject to corporate excise tax if organization's expenditures on charitable activities and purposes for tax year do not exceed 30 percent of sum of charitable contributions and other income of organization for tax year.
Applies to tax years beginning on or after January 1, 2012.
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
You are registering to speak about:
HB 2930 House Committee On Revenue
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