summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
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 directs the LRO to study the taxing of corporations. (Flesch Readability Score: 64.9). Requires the Legislative Revenue Officer to study the corporate excise and income tax system. Directs the Legislative Revenue Officer to submit findings to the interim committees of the Legis- lative Assembly related to revenue not later than December 1, 2026.
AI Summary
This bill directs the Legislative Revenue Officer (LRO), a legislative staff position responsible for analyzing tax-related matters, to conduct a comprehensive study of Oregon's corporate excise and income tax system. The study aims to evaluate the current tax framework for corporations and potentially develop recommendations for legislative improvements. The LRO is required to submit a report to the interim legislative committees focused on revenue by December 1, 2026, which may include proposed legislative changes. The bill includes a provision that automatically repeals the study requirement on January 2, 2027, effectively making this a time-limited directive. By mandating this study, the legislation seeks to provide lawmakers with a detailed, expert-driven analysis of the state's corporate tax structure, which could inform future tax policy decisions.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB126 |
| Open Government Impact Statement for SB126 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/84325 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB126/Introduced |
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