OR SB762

Repeals Oregon's corporate activity tax (CAT) for tax years beginning on or after January 1, 2026

Removes the CAT revenue transfer mechanism to the Fund for Student Success, which currently funds K-12 education, early learning programs, and statewide education initiatives

Maintains a fixed $40 million transfer from the Fund for Student Success to the High Cost Disabilities Account, but eliminates the variable CAT-linked funding component

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