74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
HA to SB 172
 
LC 510/SB 172-1
 
                       HOUSE AMENDMENTS TO
                         SENATE BILL 172
 
                     By COMMITTEE ON REVENUE
 
                             May 10
 
  On page 1 of the printed bill, line 2, after '308.290 ' insert
'and 308.810'.
  On page 3, after line 30, insert:
  '  { +  SECTION 2. + } ORS 308.810 is amended to read:
  ' 308.810. (1) Every association referred to in ORS 308.805
shall make and file with the Department of Revenue, on or before
  { - February - }  { +  March + } 1 of each year, in such form
and on such blanks as the department may prescribe and provide,
the statement required under ORS 308.520 and 308.525, and shall
include therein the amount of all its gross revenue subject to
the tax levied by ORS 308.805 for the calendar year preceding the
making of such statement. The association shall compute and
forward on or before July 1 of each year the lesser of the tax
calculated under ORS 308.807 (1) on such gross revenue or the tax
calculated under ORS 308.807 (2) on the real market value of the
transmission and distribution lines used or operated by the
association.
  ' (2) The department shall notify the association of the real
market value of the transmission and distribution lines used or
operated by the association on or before the date fixed for
notices of assessment to be issued under ORS 308.595 (2).'.
  In line 31, delete '2' and insert '3' and delete 'by section 1'
and insert 'and 308.810 by sections 1 and 2'.
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