Repeals the corporate activity tax. Applies to tax years beginning on or after January 1, 2026. It transfers from Funds for Student Success $40 million to the High Cost Disabilities Account. Takes effect on the 91st day following adjournment sine die.

The Corporate Activities Tax is one of the only gross-receipts taxes in America where you tax businesses that are not making a profit.

The Corporate Activities Tax is responsible for destroying the Bi-Mart pharmacy chain (because pharmacies operate on low profit margins).

The Corporate Activities Tax (CAT Tax) also slams manufacturing very hard. This is why Oregon manufacturing lags the nation since the Corporate Activities tax (CAT Tax) went into effect around 2020.

It was intended to turn schools to be more productive and raise ratings, but to date no progress can be contributed and the hardship on Oregonians is tremendous.

EMAIL REVENUE CHAIRS TO GIVE THIS BILL A HEARING

Rep.NancyNathanson@OregonLegislature.gov

Rep.EWernerReschke@OregonLegislature.gov

Rep.JulesWalters@OregonLegislature.gov