SB 1507B Addbacks to federal income tax form
SB 1507 – Oregon’s tax code automatically tracks the federal tax code. When Congress passed Trump’s tax cuts in the “One Big Beautiful Bill Act (BBB),” Oregon faced losing nearly $900 million in state revenue during the current two-year budget cycle. SB 1507 attempts to recapture much of that by “disconnecting” Oregon from certain federal tax provisions. This also takes…