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 1551
 
                         House Bill 2676
 
Sponsored by Representative PATRIDGE (at the request of Oregon
  Commission on Child Care)
 
 
                             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.
 
  Extends period in which income and corporate excise taxpayers
may claim dependent care assistance tax credit.
 
                        A BILL FOR AN ACT
Relating to dependent care tax credits; amending section 10,
  chapter 682, Oregon Laws 1987, and section 87, chapter 625,
  Oregon Laws 1989.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 10, chapter 682, Oregon Laws 1987, as
amended by section 3, chapter 929, Oregon Laws 1991, is amended
to read:
   { +  Sec. 10. + }   { - Sections 2, 5 and 8, chapter 682,
Oregon Laws 1987, apply - }  { +  ORS 315.204 applies + } to tax
years beginning on or after January 1, 1988, and prior to January
1,   { - 2002 - }  { +  2004 + }.   { - For all prior taxable
years, the law in effect and applicable for those years shall
continue to apply. - }
  SECTION 2. Section 87, chapter 625, Oregon Laws 1989, as
amended by section 4, chapter 929, Oregon Laws 1991, is amended
to read:
   { +  Sec. 87. + } The amendments to ORS 316.134 and section 5,
chapter 682, Oregon Laws 1987, by sections 10 and 20, chapter
625, Oregon Laws 1989, (relating to dependent care assistance
credit) apply to tax years beginning on or after January 1, 1988
 { - , and prior to January 1, 2002 - } .
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