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Bill > HB2094


OR HB2094

OR HB2094
Relating to the corporate activity tax.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
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 tells the LRO to study the corporate activity tax. (Flesch Readability Score: 64.9). Requires the Legislative Revenue Officer to study the corporate activity tax. Directs the Leg- islative Revenue Officer to submit findings to the interim committees of the Legislative Assembly related to revenue not later than December 1, 2026.

AI Summary

This bill directs the Legislative Revenue Officer (LRO) to conduct a comprehensive study of the corporate activity tax (CAT), which is a type of business tax levied on a company's gross receipts. The LRO is required to submit a detailed report, which may include legislative recommendations, to the interim legislative committees focused on revenue by December 1, 2026. The legislation includes a built-in sunset provision that automatically repeals the study requirement on January 2, 2027, ensuring that the research initiative is time-limited. The purpose of this bill appears to be gathering more information and potential insights about the corporate activity tax to help inform future policy decisions related to business taxation in Oregon.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Last Action

In committee upon adjournment. (on 06/27/2025)

bill text


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