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OR SB1081
Bill
Status
Failed
6/27/2025
Primary Sponsor
Richard Anderson
Click for details
AI Summary
- Exempts Oregon taxpayers from state personal income tax if their adjusted gross income is at or below 120% of the median Oregon adjusted gross income for their filing type
- Median income threshold is determined by the Department of Revenue based on tax returns from the immediately preceding calendar year
- Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032 (six-year sunset provision)
- Takes effect on the 91st day following adjournment of the 2025 regular legislative session
Legislative Description
Relating to exempting taxpayers with certain incomes from personal income tax; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Finance and Revenue2/25/2025
Full Bill Text
No bill text available