Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Committee Bills topic
No spam. Unsubscribe anytime.
Revenue committee introduces three committee bills for the short session
Summary
The House Interim Committee on Revenue moved and approved introduction of three committee legislative concepts — LC 186 (tax compliance for state contracts), LC 190 (reconnect date update), and LC 195 (placeholder/financial system study) — and closed the work session with the motion declared passed.
During a work session immediately following informational briefings on January 13, Vice Chair Walters moved that the committee introduce three House committee legislative concepts as committee bills: LC 186, LC 190 and LC 195. The chair recorded the motion, asked for discussion and objections, and declared the motion passed; no roll-call vote or tally was recorded in the transcript.
Staff summarized the House LCs prior to the motion: LC 186 would require entities entering into state contracts of at least $250,000 to be in compliance with Oregon tax law and includes initial ownership thresholds (applies to individuals with at least 20% ownership); LC 190 would update Oregon’s reconnect date for federal taxable income definitions (date change from 12/31/2023 to 12/01/2025 as presented); LC 196 (staff said LC196 earlier, but the motion and later transcript reference LC195 as the third LC) was described as a placeholder bill for an LRO study of the state financial system and the usual placeholder connected to the revenue forecast timeline.
Staff also summarized three Senate concepts dropped earlier that morning (for members’ awareness): LC153 (estate tax study concept), LC254 (technical and minor policy adjustments including terminology updates tied to federal international provisions, Earned Income Tax Credit sunset alignment, OPIF use for commercials, housing land trust paperwork streamlining, and SALT workaround discussion) and LC302 (a tax reform placeholder that would set automatic offsets to other taxes if a retail sales tax were later adopted; language contains blanks and is preliminary).
The motion to introduce the three House LCs was moved by Vice Chair Walters and recorded by the chair; the transcript shows the chair stating ‘‘Motion passes’’ and then closing the work session. No individual votes or a recorded second were captured in the transcript.
This action formally places the three LCs on the committee’s list for work-session consideration in the short legislative session.
