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OR HB2177

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Jeff Helfrich

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Raises the corporate activity tax (CAT) exemption threshold from $1 million to $5 million in taxable commercial activity
  • Businesses with taxable commercial activity at or below $5 million will owe no corporate activity tax
  • Increases the filing threshold from $1 million to $5 million, meaning businesses below that amount no longer need to file annual CAT returns
  • Tax calculation remains $250 plus 0.57% of taxable commercial activity exceeding the $5 million threshold
  • Applies to tax years beginning on or after January 1, 2026, and takes effect 91 days after legislative session adjourns

Legislative Description

Relating to exempt amount under 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