· OR legislature · 2025R1

Relating to the penalty for understatement of net tax; prescribing an effective date.

Increases the threshold amount of understated income tax above which a penalty applies. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.

Sponsor

Werner Reschke (R-OR)

Introduced

2025-01-13

Policy area

Taxation

Latest action

In committee upon adjournment.