OR HB2437

Taxpayers claiming business deductions for salary or compensation under IRC Section 162 must report each recipient's name, date of birth, Social Security number, and amount paid on their Oregon income tax return

Compensation paid to any recipient whose required information is not fully disclosed must be added back to federal taxable income for Oregon tax purposes

Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032

Takes effect on the 91st day following adjournment of the 2025 legislative session