[Revenews] 2011 Legislative Action/Haiti Contributions

[PURKEYPILE Steve]

In February, 2010, the Oregon Legislature met and passed SB 1016A which
changed Oregon's connection date to the definition of federal taxable
income and other tax definitions to those contained in the Internal
Revenue Code as of December 31, 2009.  The 2009 exceptions (IRC 108,
179, 168(k)) are still applicable.  NOTE: As of 03/02/2010, the Governor
has not taken action on SB 1016A.  

 

Haiti Contributions Update:   Also in SB 1016A, the legislature adopted
a provision to connect Oregon law to recent congressional action
contained in Public Law 111-126 which allows the acceleration of federal
income tax benefits for charitable cash contributions for relief of
victims of the earthquake in Haiti.  If your client is claiming 2010
Haiti contributions on the 2009 tax return, no adjustment is necessary
on the Oregon return.  The deduction will "flow through" to the Oregon
return.  

 

 

Steve Purkeypile

Personal Income Tax Policy

Oregon Department of Revenue

 

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