OR HB4055 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Strong Partisan Bill (Republican 19-1)
Status: Failed on March 7 2024 - 100% progression
Action: 2024-03-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Spectrum: Strong Partisan Bill (Republican 19-1)
Status: Failed on March 7 2024 - 100% progression
Action: 2024-03-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Raises the exemption and filing thresholds for the CAT tax. Starts with the tax year 2025. Becomes law 91 days from sine die. (Flesch Readability Score: 68.9). Increases the exempt amount and the filing threshold for purposes of the corporate activity tax. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.
Title
Relating to exempt amount under corporate activity tax; prescribing an effective date.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-07 | House | In committee upon adjournment. |
| 2024-02-05 | House | Referred to Revenue. |
| 2024-02-05 | House | First reading. Referred to Speaker's desk. |
