Bill
Bill > HB2941
OR HB2941
OR HB2941Relating to projects eligible for federal tax credits; prescribing an effective date.
summary
Introduced
01/13/2025
01/13/2025
In Committee
03/27/2025
03/27/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: This Act tells ODE to help school districts plan and develop projects to get a federal tax credit. (Flesch Readability Score: 71.0). Requires the Department of Education to provide technical assistance to school districts to plan and develop certain projects eligible for federal tax credits. Takes effect on the 91st day following adjournment sine die.
AI Summary
This bill directs the Oregon Department of Education (ODE) to provide technical support to school districts for accessing a specific federal tax credit under Section 6417(b) of the Internal Revenue Code. The technical support includes identifying potential eligible projects, helping districts meet tax credit requirements, assisting with prefiling registration, and supporting districts in making an elective payment election. An "eligible project" refers to a project that qualifies for this specific tax credit. The bill appropriates funding from the General Fund to support these efforts and includes a sunset provision that repeals the section on January 2, 2030. The legislation will take effect 91 days after the 2025 regular session of the Oregon Legislative Assembly adjourns, ensuring a temporary program to help school districts maximize their access to federal tax credits for specific projects.
Committee Categories
Budget and Finance, Education
Sponsors (2)
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
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