SB 1502 — Relating to tax credits for small forestland owners; and prescribing an effective date.
Last action — Effective date, June 3, 2022.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 01, 2022. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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2 sponsors
1 primary, 1 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 5 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Creates income or corporate excise tax credit allowed to small forestland owner that elects to observe riparian timber harvest restriction applicable to large forestland owner, in lieu of using harvest option available to small forestland owner.<b> Includes no-harvest dry channel portion of small nonfish perennial stream in forest conservation area eligible for tax credit. Prohibits transfer of credit to successor forestland owner.</b> Provides for allowance of credit and retention of harvest restrictions for 50 years. Applies to all tax years beginning on or after January 1, 2023. Allows credit to be used against estate tax, in the alternative to use as income tax credit. Applies to estates of decedents dying on or after January 1, 2023. Takes effect on 91st day following adjournment sine die.
Bill Text
We don't have the full text on file for this bill yet.
Read SB 1502 on the official Oregon source →Action History
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Effective date, June 3, 2022.
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Chapter 34, 2022 Laws.
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Governor signed.
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Speaker signed.
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President signed.
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Third reading. Carried by Marsh. Passed.
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Second reading.
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Recommendation: Do pass.
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Work Session held.
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Public Hearing held.
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Referred to Revenue.
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First reading. Referred to Speaker's desk.
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Third reading. Carried by Armitage. Passed.
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Second reading.
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Recommendation: Do pass with amendments. (Printed A-Eng.)
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Work Session held.
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Public Hearing held.
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Referred to Finance and Revenue by prior reference.
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Recommendation: Do pass and be referred to Finance and Revenue by prior reference.
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Work Session held.
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Public Hearing held.
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Informational Meeting held.
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Referred to Natural Resources and Wildfire Recovery, then Finance and Revenue.
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Introduction and first reading. Referred to President's desk.
Sponsors
- Rob Nosse · Cosponsor
- Peter Courtney · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 88 not signed on
Sponsors (1)
Co-sponsors (1)
- Rob Nosse Democrat
Not signed on (88)
88 members have not signed on to this bill.
Show all 88 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 12 | 0 | 0 | 2 |
| Unaffiliated | 24 | 0 | 0 | 0 |
| Democrat | 21 | 0 | 0 | 1 |
| Total | 57 | 0 | 0 | 3 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (60)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 2 | 0 | 0 | 0 |
| Democrat | 5 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Andrea Valderrama | Democrat | Yea |
| Khanh Pham | Democrat | Yea |
| Nancy Nathanson | Democrat | Yea |
| Pam Marsh | Democrat | Yea |
| Sue Rieke Smith | Democrat | Yea |
| Bobby Levy | Republican | Yea |
| E. Werner Reschke | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 10 | 0 | 0 | 1 |
| Republican | 3 | 0 | 0 | 0 |
| Unaffiliated | 12 | 0 | 0 | 4 |
| Total | 25 | 0 | 0 | 5 |
| % of votes cast | 83% | 0% | 0% | 17% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Elizabeth Steiner | — | Yea |
| Akasha Lawrence Spence | — | Yea |
| Art Robinson | — | Not Voting |
| Bill Hansell | — | Yea |
| Bill Kennemer | — | Yea |
| Brian Boquist | — | Not Voting |
| Chuck Thomsen | — | Not Voting |
| Dallas Heard | — | Not Voting |
| Dennis Linthicum | — | Yea |
| Lee Beyer | — | Yea |
| Lynn Findley | — | Yea |
| Michael Dembrow | — | Yea |
| Peter Courtney | — | Yea |
| Rachel Armitage | — | Yea |
| Sara Gelser | — | Yea |
| Tim Knopp | — | Yea |
| Chris Gorsek | Democrat | Yea |
| Deb Patterson | Democrat | Yea |
| Floyd Prozanski | Democrat | Yea |
| James Manning Jr. | Democrat | Yea |
| Janeen Sollman | Democrat | Yea |
| Jeff Golden | Democrat | Yea |
| Kate Lieber | Democrat | Yea |
| Kathleen Taylor | Democrat | Yea |
| Kayse Jama | Democrat | Yea |
| Lew Frederick | Democrat | Not Voting |
| Rob Wagner | Democrat | Yea |
| Dick Anderson | Republican | Yea |
| Fred Girod | Republican | Yea |
| Kim Thatcher | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 4 | 0 | 0 | 0 |
| Democrat | 1 | 0 | 0 | 0 |
| Total | 5 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (5)
| Member | Party | Vote |
|---|---|---|
| Brian Boquist | — | Yea |
| Lee Beyer | — | Yea |
| Lynn Findley | — | Yea |
| Rachel Armitage | — | Yea |
| Janeen Sollman | Democrat | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 3 | 0 | 0 | 0 |
| Unaffiliated | 1 | 0 | 0 | 1 |
| Total | 4 | 0 | 0 | 1 |
| % of votes cast | 80% | 0% | 0% | 20% |
How each member voted (5)
| Member | Party | Vote |
|---|---|---|
| Bill Kennemer | — | Not Voting |
| Dallas Heard | — | Yea |
| Deb Patterson | Democrat | Yea |
| Floyd Prozanski | Democrat | Yea |
| Jeff Golden | Democrat | Yea |
Subjects
Frequently asked questions
- What does SB 1502 do?
- Creates income or corporate excise tax credit allowed to small forestland owner that elects to observe riparian timber harvest restriction applicable to large forestland owner, in lieu of using harvest option available to small forestland owner.<b> Includes no-harvest dry channel portion of small nonfish perennial stream in forest conservation area eligible for tax credit. Prohibits transfer of credit to successor forestland owner.</b> Provides for allowance of credit and retention of harvest restrictions for 50 years. Applies to all tax years beginning on or after January 1, 2023. Allows credit to be used against estate tax, in the alternative to use as income tax credit. Applies to estates of decedents dying on or after January 1, 2023. Takes effect on 91st day following adjournment sine die.
- Who sponsors SB 1502?
- SB 1502 is sponsored by Rob Nosse (Democrat) and Peter Courtney.
- What is the current status of SB 1502?
- This bill has been enacted into law. Introduced February 01, 2022. Enacted.
- Where can I track SB 1502?
- Track SB 1502 free on One Click Politics — get push/email alerts when it moves.
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