Bill Text: OR SB328 | 2013 | Regular Session | Introduced

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Bill Title: Relating to tax credits for contributions of equipment for educational use.

Spectrum: Committee Bill

Status: (Failed) 2013-07-08 - In committee upon adjournment. [SB328 Detail]

Download: Oregon-2013-SB328-Introduced.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 1330

                         Senate Bill 328

Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Senate Interim Committee on
  Finance and Revenue)

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Extends sunset for tax credit for contributions of computers or
scientific equipment for educational use.

                        A BILL FOR AN ACT
Relating to tax credits for contributions of equipment for
  educational use; amending section 5, chapter 695, Oregon Laws
  1985.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 5, chapter 695, Oregon Laws 1985, as amended
by section 1, chapter 989, Oregon Laws 1989, section 2, chapter
373, Oregon Laws 1997, section 1, chapter 318, Oregon Laws 2003,
and section 23, chapter 913, Oregon Laws 2009, is amended to
read:
   { +  Sec. 5. + } (1) Except as provided in subsection (2) of
this section, ORS 317.151 and 318.106 apply to contributions made
in tax years beginning prior to January 1,   { - 2014 - }  { +
2020 + }.
  (2) With respect to the credit allowed for a contribution as
described in ORS 317.151 (3)(b) if a written contract or other
written agreement to make the contribution is entered into prior
to January 1,   { - 2014 - }  { +  2020 + }, and the moneys
contributed after that date are contributed pursuant to the
contract or agreement, then notwithstanding subsection (1) of
this section, the credit allowed as described in ORS 317.151
(3)(b) shall be allowed for those contributions made pursuant to
the written contract or other written agreement entered into
prior to January 1,   { - 2014 - }  { +  2020 + }.
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