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OR HB2703

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Paul Evans

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Imposes a $9 annual surtax on personal income tax liability per taxpayer, prorated based on complete months worked during the tax year
  • Waives the surtax for taxpayers with income below federal poverty guidelines
  • Transfers all surtax proceeds to the Resiliency Grant Fund (ORS 401.552) for emergency preparedness funding
  • Applies to tax years beginning on or after January 1, 2026
  • Takes effect on the 91st day following adjournment of the 2025 legislative session

Legislative Description

Relating to an income tax surtax to fund emergency preparedness; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Emergency Management, General Government, and Veterans1/17/2025

Full Bill Text

No bill text available