Bill > HCR42

This resolution expresses the Oregon Legislative Assembly's intent to reduce or phase out certain taxes that were established in House Bill 2025 (2025) when alternative funding sources become available. Specifically, the resolution targets three types of taxes: (1) increases to the privilege tax and privilege use tax under Oregon Revised Statutes (ORS) 320.405 and 320.410, (2) an increase in the tax on wages for transit under ORS 320.550, and (3) transfer and transfer use taxes created in sections 83 and 84 of the bill. The resolution indicates that these tax reductions would occur contingent upon the enactment and implementation of new funding sources, which may include a cap-and-invest program. By setting this intent, the Legislative Assembly is signaling its potential future approach to tax policy, suggesting a willingness to adjust tax structures when alternative revenue streams can be established.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HCR42