TAX EXPENDITURES SCHEDULED
FOR SUNSET IN 1999-01
As part of the 1995 Budget Accountability Act, the Governor is required to identify each tax expenditure that has a full or partial sunset occurring in the coming biennium and prepare a recommendation that indicates whether the full or partial sunset should be allowed to take effect. Below are those tax expenditures and the Governor´s recommendations.
Full Sunsets
Income Tax
1.095 Capital Gains from Oregon Reinvestment ORS 316.874 Sunsets 12/31/99
Governor´s Recommendation: Extend sunset.
1.127 First Break Program ORS 315.259 Sunsets 12/31/00
Governor´s Recommendation: Extend sunset.
1.131 Low Income Housing Lenders´ Credit ORS 317.097 Sunsets 1/1/00
Governor´s Recommendation: Extend sunset.
1.134 Pollution Prevention Credit ORS 315.311 Sunsets 12/31/99
Governor´s Recommendation: Extend sunset.
Property Tax
2.028 New Housing for Low Income Rental ORS 307.517/307.518 Sunsets 1/1/00
Governor´s Recommendation: Extend sunset.
2.064 Natural Heritage Conservation Areas ORS 307.550 Sunsets 12/31/99
Governor´s Recommendation: Extend sunset.
Partial Sunsets
Income Tax
1.092 Additional Medical Deduction for Elderly--minimum age for eligibility
increases by one year each biennium until it reaches 62 for the 1999 tax year.
Governor´s Recommendation: No change.
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