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OR SB1081

Bill

Status

Failed

6/27/2025

Primary Sponsor

Richard Anderson

Click for details

Origin

Senate

2025 Legislative Measures

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