OR SB490 | 2025 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on June 27 2025 - 100% progression
Action: 2025-06-27 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on June 27 2025 - 100% progression
Action: 2025-06-27 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Raises the exempt amount and the filing threshold for the CAT. (Flesch Readability Score: 72.6). 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, 2026. Takes effect on the 91st day following adjournment sine die.
Title
Relating to exempt amount under corporate activity tax; prescribing an effective date.
Sponsors
| Sen. David Smith [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-06-27 | Senate | In committee upon adjournment. |
| 2025-03-03 | Senate | Public Hearing held. |
| 2025-01-17 | Senate | Referred to Finance and Revenue. |
| 2025-01-13 | Senate | Introduction and first reading. Referred to President's desk. |
