Bill
Bill > HB2177
OR HB2177
OR HB2177Relating to exempt amount under corporate activity tax; prescribing an effective date.
summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
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: Raises the exemption and filing thresholds for the CAT. Starts with the tax year 2026. Becomes law 91 days from sine die. (Flesch Readability Score: 72.4). Increases the exempt amount and the filing threshold for purposes of the corporate activity tax. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
AI Summary
This bill modifies Oregon's Corporate Activity Tax (CAT) by raising the exemption and filing thresholds from $1 million to $5 million for tax years beginning on or after January 1, 2026. Under the current law, businesses were required to pay a tax of $250 plus 0.57% on commercial activity exceeding $1 million, but this bill increases that threshold to $5 million, effectively reducing the tax burden on smaller businesses. The bill also updates the filing requirements, ensuring that only businesses with taxable commercial activity above $5 million must file an annual return by the 15th day of the fourth month following the end of the tax year. The legislation will take effect 91 days after the 2025 regular session of the Oregon Legislative Assembly adjourns sine die (without setting a future date for another meeting), which provides clarity and advance notice to businesses about the upcoming tax changes.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2177 |
| Open Government Impact Statement for HB2177 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83166 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2177/Introduced |
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