75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
HA to HB 2715
 
LC 2202/HB 2715-3
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2715
 
     By COMMITTEE ON SUSTAINABILITY AND ECONOMIC DEVELOPMENT
 
                            April 29
 
  On page 1 of the printed bill, delete lines 16 through 19 and
insert:
  ' (4) Deferral may be granted under this section only if:
  ' (a) The corporation has timely filed the corporation's tax
return for the tax year;
  ' (b) The corporation has paid the amount of tax that is not
eligible for deferral under subsection (5) of this section for
the tax year; and
  ' (c) The corporation and its majority owner are not delinquent
in the payment of any tax imposed under this chapter or ORS
chapter 316, 318 or 323.'.
  In line 26, after the second period insert 'The department
shall obtain, from the majority owner of the corporation, a
personal guarantee of payment of the tax deferred under this
section.'.
  In line 27, delete 'primary discount' and insert 'prime'.
  In line 28, delete 'primary discount' and insert 'prime'.
  On page 2, after line 12, insert:
  ' (10) The Economic and Community Development Department shall
publicize and promote to potential applicants the availability of
the tax deferral granted by this section.'.
  In line 14, before the period insert ', and before January 1,
2018'.
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