Bill > HB2114

This bill repeals the corporate minimum tax in Oregon, effectively eliminating ORS 317.090, which previously imposed a minimum tax on corporations. The bill makes several technical amendments to various tax-related statutes, removing references to the repealed corporate minimum tax provision. Specifically, the bill modifies sections of Oregon law related to S corporations, tax credits, and corporate taxation, streamlining the tax code by removing mentions of the now-defunct minimum tax. The changes will apply to tax years beginning on or after January 1, 2026, giving businesses and tax authorities time to adjust to the new tax structure. The bill will take effect 91 days after the 2025 regular legislative session adjourns, providing a clear timeline for implementation. By removing the corporate minimum tax, the legislation aims to simplify the tax system and potentially make Oregon more business-friendly by eliminating a fixed tax burden for corporations regardless of their income.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2114