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OR HB2115

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Werner Reschke

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Eliminates the "throwback rule" that currently treats sales to states where the seller is not taxable as Oregon sales for purposes of calculating the corporate excise tax apportionment formula
  • Amends ORS 314.665 to remove the provision allowing sales shipped from Oregon to be counted in Oregon's sales factor when the taxpayer is not taxable in the purchaser's state
  • Removes the existing exception that excluded sales from the throwback rule when those sales were already included in another state's apportionment formula and taxed there
  • Applies to tax years beginning on or after January 1, 2026
  • Takes effect on the 91st day following adjournment sine die of the 2025 legislative session

Legislative Description

Relating to apportionment of business income; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Revenue1/17/2025

Full Bill Text

No bill text available