74th OREGON LEGISLATIVE ASSEMBLY--2007 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 311
 
                           A-Engrossed
 
                         House Bill 2400
                  Ordered by the House April 13
            Including House Amendments dated April 13
 
Sponsored by Representative DALLUM; Representatives ESQUIVEL,
  HUNT (Presession filed.)
 
 
                             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.
 
  Creates personal income tax credit for physicians who provide
medical care to residents of Oregon Veterans' Home.
 { - Requires at least 60 percent of physician's total practice
to consist of providing care to Oregon Veterans' Home residents
in order for physician to qualify for credit. - }   { + Requires
physician claiming credit to submit letter with tax return
confirming physician missed no more than five percent of
scheduled visits with residents. + }
  Applies to tax years beginning on or after January 1, 2008.
 
                        A BILL FOR AN ACT
Relating to physician tax incentives.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2007 Act is added to and made
a part of ORS chapter 315. + }
  SECTION 2.  { + (1) A resident or nonresident individual
physician licensed under ORS chapter 677 who is engaged in the
practice of medicine qualifies for an annual credit against the
taxes that are otherwise due under ORS chapter 316 if the
physician provides medical care to residents of an Oregon
Veterans' Home.
  (2) The amount of the credit allowed under this section shall
be equal to the lesser of:
  (a) $1,000 for every eight residents to whom the physician
provides care at an Oregon Veterans' Home; or
  (b) $5,000.
  (3) The credit allowed under this section may not exceed the
tax liability of the taxpayer for the tax year, and a credit
allowed under this section that is unused may not be carried
forward to a succeeding tax year.
  (4) A nonresident shall be allowed the credit described in this
section in the proportion provided in ORS 316.117. If a change in
the status of a taxpayer from resident to nonresident or from
nonresident to resident occurs, the credit allowed by this
section shall be determined in a manner consistent with ORS
316.117.
 
  (5) In order to qualify for the tax credit allowed under this
section, the physician claiming the credit must submit with the
physician's tax return a letter from the Oregon Veterans' Home at
which the physician provided care to residents, confirming that
the physician missed no more than five percent of the physician's
scheduled visits with residents of the home during the tax year.
  (6) In the case of a shareholder of a corporation or a member
of a partnership, only the care provided by the individual
shareholder or partner shall be considered, and the full amount
of the credit shall be allowed to each shareholder or partner who
qualifies in an individual capacity.
  (7) The Director of Veterans' Affairs shall assist the
Department of Revenue in determining if a taxpayer claiming a
credit under this section qualifies for the credit. + }
  SECTION 3.  { + Section 2 of this 2007 Act applies to tax years
beginning on or after January 1, 2008. + }
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