OR HB4015

Updates Oregon's connection date to the federal Internal Revenue Code from December 31, 2023 to December 31, 2025, affecting personal income taxes, corporate excise and income taxes, and various state programs

Amends over 30 Oregon Revised Statutes across multiple areas including the Oregon 529 Savings Network, ABLE accounts, Public Employees Retirement System (PERS), tax credits, unemployment insurance, and paid family and medical leave insurance

Applies to transactions or activities occurring on or after January 1, 2026, in tax years beginning on or after January 1, 2026, with provisions for retroactive federal law changes enacted before that date

Cancels interest and penalties on deficiencies attributable to retroactive treatment and waives interest on refunds due to retroactive treatment for tax years beginning before January 1, 2026

Takes effect on the 91st day following adjournment sine die of the 2026 regular session of the 83rd Legislative Assembly