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Scheduled for Sunset in 1999-01
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.