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 1829
 
                           A-Engrossed
 
                         House Bill 2677
                Ordered by the House February 27
          Including House Amendments dated February 27
 
Sponsored by Representative MERKLEY (at the request of Glenn
  Hartel)
 
 
                             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.
 
  Requires refund of personal income tax   { - or corporate
excise or income tax - }  to be made by direct deposit if
taxpayer elects to have direct deposit of refund.
  Applies to refunds of tax from tax years beginning on or after
January 1, 2002.
 
                        A BILL FOR AN ACT
Relating to tax refunds.
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 305. + }
  SECTION 2.  { + (1) At the election of the taxpayer, a refund
of personal income tax shall be made by direct deposit into an
account designated by the taxpayer at a bank or other financial
institution.
  (2) The election shall be made on a form prescribed by the
Department of Revenue and filed with the taxpayer's tax return
for the tax year or at such other time and manner as the
department may prescribe by rule. + }
  SECTION 3.  { + Section 2 of this 2001 Act applies to refunds
of personal income tax allowed for a tax year beginning on or
after January 1, 2002. This section does not prohibit a direct
deposit refund of personal income tax from a tax year beginning
before January 1, 2002. + }
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