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
 
                         House Bill 2400
 
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 as
introduced.
 
  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.
  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 at least 60
percent of the individual's practice consists of providing
medical care to residents of an Oregon Veterans' Home.
  (2) The amount of the credit allowed under this section shall
be $5,000 for each year the taxpayer qualifies for the credit.
  (3) 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.
  (4) For purposes of this section, an individual's practice
shall be determined on the basis of actual time spent in practice
each week in hours or days, whichever is considered by the
Director of Veterans' Affairs to be more appropriate. In the case
of a shareholder of a corporation or a member of a partnership,
only the time of 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.
  (5) 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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