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OR SB407
Bill
Status
6/27/2025
Primary Sponsor
Fred Girod
Click for details
AI Summary
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Capital gains treated as net capital gain for federal tax purposes would be taxed at a flat 5% rate for both personal income and corporate/excise taxpayers in Oregon
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Current personal income tax rates range from 4.75% to 9.9% depending on income bracket, with the top rate applying to taxable income over $125,000
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Corporate income tax rates of 6.6% (first $1 million) and 7.6% (over $1 million) would not apply to capital gains under the new 5% rate
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Applies to tax years beginning on or after January 1, 2025
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Takes effect on the 91st day following adjournment sine die of the 2025 legislative session
Legislative Description
Relating to decreases in capital gains tax rates; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025