HB 2176 Repeals Corporate Activity Tax

By News Update
In: Uncategorized
Wednesday January 29, 2025


House Bill 2176 seeks to repeal the CAT Tax
By Taxpayers Association of Oregon
OregonWatchdog.com

BILL WATCH: Oregon House Bill (HB2176) has been introduced to repeal the Corporate Activities Tax.  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 margin).

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.

The Summary of House Bill (HB2176) reads: Repeals the corporate activity tax. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.

The bill is sponsored by Representative Jeff Helfrich (R).

 

 

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