OR HB2039 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 13-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Revenue.
Pending: House Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Revenue.
Pending: House Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Raises the exemption and filing thresholds for the CAT tax. Starts with the tax year 2026. 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, 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
| Rep. Boomer Wright [R] | Rep. Bobby Levy [R] | Sen. Kim Thatcher [R] | Rep. Kevin Mannix [R] |
| Rep. Ed Diehl [R] | Rep. Lucetta Elmer [R] | Rep. Cyrus Javadi [R] | Rep. Rick Lewis [R] |
| Rep. Virgle Osborne [R] | Rep. Mark Owens [R] | Rep. Werner Reschke [R] | Rep. Anna Scharf [R] |
| Rep. Dwayne Yunker [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | House | Referred to Revenue. |
| 2025-01-13 | House | First reading. Referred to Speaker's desk. |
