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 1910
 
                           B-Engrossed
 
                         House Bill 2280
                  Ordered by the Senate July 4
  Including House Amendments dated May 18 and Senate Amendments
                          dated July 4
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of Representative Bill Witt)
 
 
                             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.
 
    { - Allows credit equal to 10 percent of premiums against
personal income tax or corporate income or excise tax to be
claimed for long term care insurance premiums paid on policies
first issued prior to January 1, 2000. - }
    { - Applies to tax years beginning on or after January 1,
2003. - }
    { - Raises credit for policies first issued prior to January
1, 2000, to be same as 15 percent credit for policies first
issued on or after January 1, 2000, for tax years beginning on or
after January 1, 2005. - }
   { +  Exempts sports facility owned by city with population of
at least 500,000 from taxation even if leased to or operated by
taxpaying entity. + }
 
                        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 307. + }
  SECTION 2.  { + Any sports facility owned by a city with a
population of at least 500,000 is exempt from taxation, even if
leased to or operated by a taxpaying entity. + }
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