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OR HB2033
Bill
Status
6/27/2025
Primary Sponsor
Boomer Wright
Click for details
AI Summary
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Repeals Oregon's Corporate Activity Tax (CAT), which was established in 2019 under ORS 317A.100 through 317A.161
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Applies to tax years beginning on or after January 1, 2026
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Removes the CAT as a funding source for the Fund for Student Success, which currently distributes revenue to the Student Investment Account (50%), Statewide Education Initiatives Account (up to 30%), and Early Learning Account (at least 20%)
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Maintains a reduced $40 million transfer to the State School Fund for the High Cost Disabilities Account, funded through Legislative appropriations rather than CAT revenue
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Takes effect on the 91st day following adjournment of the 2025 legislative session
Legislative Description
Relating to the repeal of the corporate activity tax; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025