OR HB2339

Shifts timber severance tax fund distribution dates from May 1 to June 1 and from May 15 to June 15 for payments to the State School Fund (60.5%), Community College Support Fund (4.5%), and western/eastern Oregon counties (35%), effective for calendar years beginning January 1, 2026

Requires Oregon Liquor and Cannabis Commission and Oregon Health Authority to enter agreements with the Department of Revenue to administer and enforce income and corporate taxes (ORS chapters 316, 317, 317A, and 318) in addition to their existing cannabis and psilocybin regulatory duties

Repeals ORS 291.351 (related to kicker refund cost certification), ORS 311.175 and 311.183 (property tax administration provisions), and removes several Department of Revenue reporting requirements to the Legislature including biennial tax collection reports

Modifies the Oregon child tax credit (ORS 315.273) to add back foreign earned income excluded from adjusted gross income when calculating the qualifying income limit, effective for tax years beginning January 1, 2025

Updates agricultural overtime tax credit (ORS 315.133) provisions, retroactively effective to tax years beginning January 1, 2023, and takes effect 91 days after the 2025 legislative session adjourns