71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
SA to A-Eng. HB 3105
 
LC 1575/HB 3105-A4
 
                      SENATE AMENDMENTS TO
                   A-ENGROSSED HOUSE BILL 3105
 
              By JOINT COMMITTEE ON WAYS AND MEANS
 
                             June 27
 
  On page 1 of the printed A-engrossed bill, line 4, delete '
Section 2 of this 2001 Act is' and insert 'Sections 2 and 3 of
this 2001 Act are'.
  After line 4, insert:
  '  { +  SECTION 2. + }  { + The Legislative Assembly declares
that the purpose of section 3 of this 2001 Act is to encourage
taxpayers that have riparian land in farm production to
voluntarily remove the riparian land from farm production and
employ conservation practices applicable to the riparian land
that minimize contributions to undesirable water quality, habitat
degradation and stream bank erosion. + } ' .
  In line 5, delete '2' and insert '3'.
  In line 11, delete '25' and insert '35'.
  In line 24, delete 'and'.
  After line 24, insert:
  ' (d) The conservation practices employed on the riparian land
are consistent with the agricultural water quality management
plan administered by the State Department of Agriculture in the
applicable river basin management area; and'.
  In line 25, delete '(d)' and insert '(e)'.
  On page 2, line 1, after the period insert 'For purposes of
this paragraph, action taken by a taxpayer under an agricultural
water quality management plan administered by the State
Department of Agriculture is not the result of a government
decision requiring the land to be taken out of farm production.'.
  Delete lines 5 through 10 and insert:
  ' (b) For the first tax year for which a credit is claimed
under this section, the forgone crop for which a value is
determined under this section shall be the crop grown on the land
in the previous tax year.
  ' (c) For a tax year following the first tax year for which a
credit is claimed under this section, the forgone crop for which
a value is determined under this section shall be the crop for
which the value was determined for the preceding tax year.
  ' (d) If a taxpayer does not claim a credit under this section
for a tax year, any credit claimed in a subsequent tax year shall
be treated as the first tax year for which a credit is claimed
under this section.'.
  After line 43, insert:
  ' (10) If a taxpayer that has claimed a credit under this
section places the riparian land for which the credit is claimed
back in farm production, the taxpayer may not claim a credit
under this section for five tax years following the year the
riparian land was placed back in farm production.'.
  In line 44, delete '(10)' and insert '(11)'.
  On page 3, line 1, delete '3' and insert '4' and delete ' 2'
and insert '3'.
  In line 3, delete '4' and insert '5'.
  In line 33, delete '5' and insert '6' and delete '4 ' and
insert '5'.
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