Lawmakers eye $543M underhanded business tax

 
By Taxpayers Association of Oregon
OregonWatchdog.com

The data was presented this week to lawmakers by the Oregon Revenue Office on the tax relief coming to Oregonians from the Big Beautiful Tax Bill on their Oregon taxes — which means that Oregon tax relief will means reduced revenue (although it helps boost growth).

Oregon connects their tax definitions to the Federal tax code, so when the Big Beautiful Bill passed, it automatically reduced many Oregon taxes that were connected.

Below is a chart on how the Big Beautiful Bill will save Oregon taxpayers off their Oregon taxes and cost the State in lost revenue.

Capitol insiders are saying that the Oregon Legislature may decide to vote to disconnect the business tax savings from the Federal cuts.  As seen below, this would divert over $543 million in tax savings to Oregon businesses owners.  That is $351 million from disconnecting Oregon from the savings from the Bonus Depreciation and Expensing, $166 million from Research & Experimental Expenses, $26 million from business Interest Deduction.

Lawmakers need to act before December 31, 2025 to block those tax savings.  If they do it for these three business tax relief portions, it would be a $543 million tax increase on local businesses.

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