summary
Introduced
01/13/2025
01/13/2025
In Committee
04/08/2025
04/08/2025
Crossed Over
04/08/2025
04/08/2025
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: The Act would require a study of whether a single law for making adjustments for in- flation in the tax laws of this state would be feasible and useful. The Act would require a report of the study to be turned in next year. (Flesch Readability Score: 68.9). Requires the Legislative Revenue Officer to study the feasibility and utility of enacting a single statute that uniformly governs adjustments for inflation in the tax statutes of this state. Directs the officer to submit a report to the interim committees of the Legislative Assembly related to revenue no later than September 15, 2026. Sunsets on January 2, 2027.
AI Summary
This bill requires the Legislative Revenue Officer, who is a legislative staff member responsible for analyzing tax-related matters, to conduct a comprehensive study examining the potential benefits and practicality of creating a single, uniform statute that would govern how inflation adjustments are made across all tax laws in the state of Oregon. Specifically, the officer is tasked with evaluating the feasibility and utility of developing a standardized approach to making tax-related inflation adjustments. The bill mandates that a detailed report of the study's findings must be submitted to the interim legislative committees focused on revenue by September 15, 2026. To ensure this is a time-limited initiative, the bill includes a sunset provision that automatically repeals the study requirement on January 2, 2027, meaning the study and reporting requirements will no longer be in effect after that date. The goal appears to be exploring whether a more consistent and predictable method of adjusting tax statutes for inflation could be beneficial for the state's tax system.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
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