OR HB2092

Updates Oregon's connection date to the federal Internal Revenue Code from December 31, 2023 to December 31, 2024 for personal income, corporate excise, and corporate income taxes

Temporarily disconnects Oregon from the automatic rolling connection to federal law specifically for the definition of "taxable income" for tax years beginning January 1, 2025 through December 31, 2025

Restores the automatic rolling connection to federal taxable income definitions for tax years beginning on or after January 1, 2026

Amends over 30 Oregon Revised Statutes across multiple chapters including those governing 529 savings plans, ABLE accounts, public employee retirement systems, tax administration, and unemployment insurance

Takes effect 91 days after the 2025 legislative session adjourns sine die