Bill
Bill > HB4125
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/02/2026
02/02/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act adds detail for methods of making estimates of how much tax money comes into the General Fund. (Flesch Readability Score: 61.6). Prescribes methodology for the preparation of revenue estimates used in the budgeting process and as applicable to the surplus revenue refund process. Applies to estimates prepared on or after January 1, 2027. Requires the Department of Revenue to estimate the difference in surplus revenue calculations using stated methodologies, and transfer an amount equal to the difference for use for various pur- poses. Establishes the One-Time Emergencies and Finance Fund. Takes effect on the 91st day following adjournment sine die.
AI Summary
This bill modifies how the state estimates tax revenue, specifically focusing on the General Fund, which is the state's main operating account. It introduces a new method for calculating revenue estimates by requiring the Department of Revenue to consider the largest positive difference between forecasted and actual revenues over the past five two-year budget periods (biennia). This change applies to estimates prepared on or after January 1, 2027. Additionally, the bill mandates that the Department of Revenue calculate the difference between two specific revenue estimation methodologies and transfer any resulting surplus to a newly established "One-Time Emergencies and Finance Fund." This fund is intended for purposes such as reducing the unfunded liability of the Public Employees Retirement System, funding state capital projects, paying debt, and covering emergency expenses. The bill takes effect 91 days after the legislative session concludes.
Committee Categories
Budget and Finance
Sponsors (20)
Mark Gamba (D)*,
Jeff Golden (D)*,
Lesly Muñoz (D)*,
Courtney Neron Misslin (D)*,
Rob Nosse (D)*,
Katherine Pham (D)*,
Tom Andersen (D),
Willy Chotzen (D),
Sarah Finger McDonald (D),
Lisa Fragala (D),
Lew Frederick (D),
Chris Gorsek (D),
Zach Hudson (D),
Cyrus Javadi (D),
Pam Marsh (D),
Travis Nelson (D),
Janeen Sollman (D),
Thuy Tran (D),
Jules Walters (D),
Lamar Wise (D),
Last Action
Public Hearing held. (on 02/02/2026)
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/2026R1/Measures/Overview/HB4125 |
| WitnessRegistratonHB4125 | https://olis.oregonlegislature.gov/liz/2026R1/Downloads/CommitteeMeetingDocument/313441 |
| HB 4125 Preliminary SMS | https://olis.oregonlegislature.gov/liz/2026R1/Downloads/CommitteeMeetingDocument/311890 |
| Open Government Impact Statement for HB4125 INTRO | https://olis.oregonlegislature.gov/liz/2026R1/Downloads/MeasureAnalysisDocument/94062 |
| BillText | https://olis.oregonlegislature.gov/liz/2026R1/Downloads/MeasureDocument/HB4125/Introduced |
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