Bill Text: OR SB690 | 2011 | Regular Session | Introduced

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Bill Title: Relating to tax credits for riparian land removed from farm production; prescribing an effective date.

Spectrum: Committee Bill

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB690 Detail]

Download: Oregon-2011-SB690-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 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 3588

                         Senate Bill 690

Sponsored by 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 riparian land removed from
farm production.
  Takes effect on 91st day following adjournment sine die.

                        A BILL FOR AN ACT
Relating to tax credits for riparian land removed from farm
  production; amending section 6, chapter 913, Oregon Laws 2009;
  and prescribing an effective date.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 6, chapter 913, Oregon Laws 2009, is amended
to read:
   { +  Sec. 6. + } Except as provided in ORS 315.113 (8), a
credit may not be claimed under ORS 315.113 for tax years
beginning on or after January 1,   { - 2012 - }  { +  2018 + }.
  SECTION 2.  { + This 2011 Act takes effect on the 91st day
after the date on which the 2011 regular session of the
Seventy-sixth Legislative Assembly adjourns sine die. + }
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