71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
CCA to B-Eng. HB 2033
 
LC 1662/HB 2033-B8
 
               CONFERENCE COMMITTEE AMENDMENTS TO
                   B-ENGROSSED HOUSE BILL 2033
 
                             June 13
 
 
 
 
                         Amended Summary
  Creates income or corporate excise tax credit for property
taxes paid or incurred on machinery and equipment used by farm
operator in processing activities. Defines standards to qualify
for credit. Establishes method by which amount of credit is
computed. Establishes upper limit of   { - $5,000 - }
 { + $30,000 + } for credit.  Provides that, except for
carryforward, credit applies to tax years beginning before
January 1, 2008.
  Applies to income tax years beginning on or after January 1,
2002.
 
Speaker Simmons:
  Your Conference Committee to whom was referred B-engrossed
House Bill 2033, having had the same under consideration,
respectfully reports it back with the recommendation that the
House concur in the Senate amendments dated May 23 and that the
bill be amended as follows and repassed.
 
  On page 3 of the printed B-engrossed bill, line 3, delete '
$5,000' and insert '$30,000'.
 
                         /sLane Shetterly
                           Representative
 
                         /sAlan Bates
                           Representative
 
                         /sJanet Carlson
                           Representative
 
                         /sTed Ferrioli
                           Senator
 
                         /sLee Beyer
                           Senator
 
                         /sCharles Starr
                           Senator
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