(at the request of House Interim Committee on Revenue)
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Regular Sponsors:
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Bill Title:
Relating to state finance; prescribing an effective date.
Catchline/Summary:
Provides for increase in income and corporate excise tax rates if high school graduation rates fall below certain percentage. Provides for increase in income and corporate excise tax rates if high school graduation rates fall below certain percentage. Provides for subsequent decrease in income and corporate excise tax rates to rates in current law if high school graduation rates are raised to certain percentage. Becomes operative when Superintendent of Public Instruction announces high school graduation rates that meet thresholds. Applies to tax years beginning on or after January 1 following announcement.
Directs that revenues received due to imposition of income and excise tax rates above rates in current law are to be transferred to School Improvement Fund.
Takes effect on 91st day following adjournment sine die.
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 2158 Joint Committee On Tax Credits
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