Oregon - Session 2026R1
Title: Prescribes methodology for the preparation of revenue estimates used in the budgeting process and as applicable to the surplus revenue refund process.
The Act adds detail for methods of making estimates of how much tax money comes into the General Fund. (Flesch Readability Score: 61.6). Prescribes methodology for the preparation of revenue estimates used in the budgeting process and as applicable to the surplus revenue refund process. Applies to estimates prepared on or after January 1, 2027. Requires the Department of Revenue to estimate the difference in surplus revenue calculations using stated methodologies, and transfer an amount equal to the difference for use for various purposes. Establishes the One-Time Emergencies and Finance Fund. Takes effect on the 91st day following adjournment sine die.
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| Date | Event | Detail |
|---|---|---|
| 2026-02-02 | Introduced | Bill introduced |
| 2026-02-02 | Status | introduced |
| 2026-02-02 | Latest Action | Public Hearing held. |
| Bill | Title | Status |
|---|---|---|
| HB 4031 | Exempts an energy facility from needing a site certificate from the Energy Facility Siting Council if the energy facility produces power from a renewable energy source, qualifies for certain federal renewable energy tax credits and is placed in service on or before December 31, 2030, or a date allowed by exception and a local land use application for the facility is submitted on or before December 31, 2028. | introduced |
| HB 4134 | Increases the state transient lodging tax. | passed_lower |
| HB 4148 | Allows net local transient lodging tax revenue to be used for resiliency grants for small businesses in the restaurant and lodging industry. | introduced |
| SB 1510 | Updates the terminology used to describe certain income earned by multinational corporations to reflect a change in the term used in federal law. | in_committee |
| HB 4004 | Provides that additional taxes otherwise imposed upon disqualification of land from certain forestland special assessment programs may not be collected if the disqualification is due to the suspension of reforestation requirements as a result of insects or disease. | introduced |
| HB 4014 | Establishes the Task Force on Taxation of International Income. | in_committee |
| HB 4052 | Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. | introduced |
| HB 4084 | Establishes the Joint Permitting Council. | in_committee |