71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
 
                            Enrolled
 
                         House Bill 2550
 
Sponsored by Representatives BUTLER, SIMMONS; Representatives
  BACKLUND, BROWN, CARLSON, CLOSE, DEVLIN, DOYLE, GARRARD,
  HAYDEN, HILL, JENSON, KNOPP, KRIEGER, KROPF, KRUMMEL, KRUSE,
  MINNIS, MORGAN, NELSON, PATRIDGE, G SMITH, P SMITH, T SMITH,
  STARR, C WALKER, WILSON, WINTERS, WITT, ZAUNER, Senators
  ATKINSON, R BEYER, CLARNO, DECKERT, DERFLER, FERRIOLI, FISHER,
  GEORGE, HANNON, HARPER, HARTUNG, MESSERLE, METSGER, MILLER,
  MINNIS, NELSON, STARR
 
 
                     CHAPTER ................
 
 
                             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 316. + }
  SECTION 2.  { + (1) Notwithstanding ORS 316.680, for a tax year
beginning on or after January 1, 2001, and before January 1,
2002, the subtraction from federal taxable income for amounts of
federal income taxes less refunds of federal taxes described in
ORS 316.680 (1)(b) may not take into account the amount of any
accelerated 10 percent tax rate bracket credit allowed under
section 6428 of the Internal Revenue Code, or advance refund of
the credit allowed under section 6428(e) of the Internal Revenue
Code.
  (2) Notwithstanding ORS 316.012, as used in this section, '
section 6428 of the Internal Revenue Code' means section 6428 of
the federal Internal Revenue Code, as added by section 101 of the
Economic Growth and Tax Relief Reconciliation Act of 2001. + }
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Enrolled House Bill 2550 (HB 2550-A)                       Page 1
 
 
 
 
 
Passed by House July 1, 2001
 
 
      ...........................................................
                                             Chief Clerk of House
 
      ...........................................................
                                                 Speaker of House
 
Passed by Senate July 3, 2001
 
 
      ...........................................................
                                              President of Senate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 2550 (HB 2550-A)                       Page 2
 
 
 
 
 
Received by Governor:
 
......M.,............., 2001
 
Approved:
 
......M.,............., 2001
 
 
      ...........................................................
                                                         Governor
 
Filed in Office of Secretary of State:
 
......M.,............., 2001
 
 
      ...........................................................
                                               Secretary of State
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 2550 (HB 2550-A)                       Page 3