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OR HB2118

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Werner Reschke

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Exempts agricultural commodities classified as "Agricultural Production Crops" (code 01 under the Standard Industrial Classification system) from Oregon's corporate activity tax (CAT)
  • Amends ORS 317A.100 to add this exemption to the list of items excluded from "commercial activity" subject to the CAT
  • Applies to tax years beginning on or after January 1, 2026
  • Takes effect on the 91st day following adjournment of the 2025 regular legislative session

Legislative Description

Relating to the exemption of agricultural commodities from the corporate activity tax; 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