Bill > HB2871

This bill requires businesses that receive at least 20 percent of their gross receipts from public contracts to include additional information on their tax returns filed with the Oregon Department of Revenue. Specifically, the bill defines several key terms: a "business" includes various types of legal entities operating for economic gain, while "public contracts" are sales, purchases, or services involving public bodies. The bill mandates that such businesses must submit a statement detailing the amount of gross receipts received from public contracts for the current tax year, as well as a statement categorizing their level of public contract involvement (public affiliate, public partner, or public agent) based on their receipts over the current and two preceding tax years. These statements must be written in plain language and certified by an authorized representative of the business. Notably, the bill also requires the Department of Revenue to make these statements publicly available, despite existing confidentiality laws. The provisions will take effect for tax years beginning on or after January 1, 2028, giving businesses time to prepare for the new reporting requirements.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2871