Revenue Reports

House Bill 3049 was introduced at the request of Governor Tina Kotek for Oregon Business Development Department. It seeks to modify provisions for corporate excise tax exemptions for businesses operating in economically lagging areas. While this exemption exists in Oregon currently, the program is believed to be underutilized due to complex eligibility calculations. The new bill provides simplified methods to determine eligibility and employee wage requirements, and limits the amount of exemptions that a single business may claim.

House Bill 2362 aims to implement tiered estate tax exemptions based on the size of the taxable estate. The exemption amount would vary based on the estate's value, and would phase out for larger estates. As a result, this bill would modernize Oregon’s estate tax exemption policy with respect to inflation and appreciation of assets over time.