SB 63 Flat rate income tax for income under $50,000
01/27/2025 VOTE:NO – Died in Committee Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB63 Committee assigned to bill:https://olis.oregonlegislature.gov/liz/2025R1/Committees/SFR/Overview Imposes personal income tax at flat rate if a taxpayer has an adjusted gross income below $50,000. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die. This is a socialist policy of wealth distribution….