Bill
Bill > HB2033
OR HB2033
Relating to the repeal of the 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
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act would repeal the CAT. (Flesch Readability Score: 100.0). Repeals 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 proposes to repeal the Corporate Activity Tax (CAT), a business tax in Oregon, effective for tax years beginning on or after January 1, 2026. Specifically, the bill eliminates several Oregon Revised Statutes (ORS) related to the CAT, including sections 317A.100 through 317A.161, which originally established the tax. The bill also modifies the Fund for Student Success, removing a provision that previously transferred CAT-related revenue changes to the fund. The repeal will impact how education funds are calculated, as the previous law's language about CAT revenue contributions is deleted. The bill takes effect 91 days after the 2025 regular legislative session adjourns, meaning businesses will no longer be subject to the Corporate Activity Tax starting in 2026. This change represents a significant shift in Oregon's business tax structure, potentially reducing tax burdens on corporations while necessitating adjustments to education funding mechanisms.
Committee Categories
Budget and Finance
Sponsors (10)
Emily McIntire (R)*,
Werner Reschke (R)*,
Boomer Wright (R)*,
Ed Diehl (R),
Kevin Mannix (R),
Virgle Osborne (R),
Mark Owens (R),
Anna Scharf (R),
Suzanne Weber (R),
Dwayne Yunker (R),
Last Action
Motion to withdraw from Revenue failed. Ayes, 28; Nays, 28--Bowman, Chaichi, Chotzen, Evans, Fragala, Gamba, Gomberg, Grayber, Helm, Hudson, Isadore, Kropf, Levy E, Lively, Marsh, McDonald, McLain, Nathanson, Nelson, Neron, Nosse, Pham H, Ruiz, Sanchez, Sosa, Tran, Valderrama, Watanabe; Excused, 3--Cate, Nguyen H, Walters; Excused for Business of the House, 1--Speaker Fahey. (on 04/15/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2033 |
| Open Government Impact Statement for HB2033 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83023 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2033/Introduced |
Loading...