71st OREGON LEGISLATIVE ASSEMBLY--2001 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 1237
 
                         House Bill 2271
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of Governor John A. Kitzhaber,
  M.D., for Department of 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.
 
  Requires taxpayer to claim maximum amount of tax credit allowed
to taxpayer for tax year.
  Applies to tax years beginning on or after January 1, 2001.
 
                        A BILL FOR AN ACT
Relating to taxation.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2001 Act is added to and made
a part of ORS chapter 314. + }
  SECTION 2.  { + For purposes of this chapter and ORS chapters
315, 316, 317 and 318, a taxpayer claiming a credit against tax
must claim the maximum amount of any tax credit that is allowed
to the taxpayer for the tax year, to the extent of the tax
liability of the taxpayer. + }
  SECTION 3.  { + Section 2 of this 2001 Act applies to tax years
beginning on or after January 1, 2001. + }
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