Kimmelfield and Lindsay Provide Joint Testimony Before House Revenue Committee on Capital Gains
On March 10, Lane Powell Attorneys Neil Kimmelfield and Shawn Lindsay gave joint testimony before the House Revenue Committee on House Bill 3296 regarding capital gains. During the testimony, Neil and Shawn gave their suggestions regarding an Oregon capital gains tax reduction. “The primary point of our proposal is that it includes safeguards to prevent taxpayers from misapplying the benefit. The proposal includes rules enabling taxpayers to make qualifying investments, to reorganize their businesses without losing their tax benefits,” Shawn stated. Neil explained that the bill provides a more targeted benefit than other bills before the committee.