(1) Prior to the beginning of each odd-numbered year regular session, the Legislative Revenue Officer shall prepare a list of all tax credits that have revenue impact, for the most recent tax year for which sufficient information exists to make a determination, that exceeds the revenue impact projected in the most recent revenue impact statement prepared under ORS § 173.025 for the measure enacting or amending the tax credit provision. The Legislative Revenue Officer shall submit the list with the report required under ORS § 315.051.

(2) The Legislative Revenue Officer shall identify those credits under subsection (1) of this section:

(a) For which the revenue impact exceeds the projected revenue impact by at least 10 percent; and

(b) That may be claimed in tax years beginning on or after January 1 of the next even year.

(3) During the odd-numbered year regular session, a legislative committee related to revenue shall consider all tax credits that are identified under subsection (2) of this section at a public hearing conducted by the committee. [2015 c.641 § 3]

315.047 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 315 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

[2009 c.913 § 53; 2013 c.750 § 45; renumbered 315.037 in 2015]