Bill > SB419

This bill introduces significant changes to Oregon's tax reporting and filing rules for multinational corporations, with a focus on creating a new method for calculating corporate taxes and establishing a fund to support maternal and child health. The bill defines key terms like "unitary business" and "combined group", requiring corporations engaged in a unitary business to file a combined tax report that includes income and apportionment factors from all corporations in their business group. The Department of Revenue will have broad authority to adjust these reports to ensure fair taxation. Notably, the bill mandates that the estimated increase in tax revenue from these new multinational corporate tax rules will be transferred annually to the newly created Perinatal, Child and Maternal Health Fund, which will support health programs for parents and children under seven years old, with a special emphasis on the first year of life. The new tax reporting rules will apply to tax years beginning on or after January 1, 2026, and the bill will take effect 91 days after the 2025 legislative session adjourns.

Health and Social Services

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB419