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SB 111 Oregon Senate · 2025 Regular Session

Relating to the pass-through business alternative income tax; prescribing an effective date.

Summary
] Extends the sunsets for the pass-through business alternative income tax and the related personal income tax credit. [ Allows trusts to be members of participating pass-through entities. Allows members of participating entities to opt out of the election to participate. ] Provides that an overpayment of tax may be applied to a subsequent tax year payment. Applies to [ tax years beginning on or after January 1, 2022, and before January 1, 2028 ] overpayments made before January 1, 2027 . Takes effect on the 91st day following adjournment sine die.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExtends pass-through business tax credit and related provisions, maintaining existing tax structure for businesses rather than increasing taxes or defunding programs.90% confidence
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Jun 2025
Senate Passage
Jun 2025
House Passage
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

A-Engrossed → B-Engrossed · 4 edits · Jun 17, 2025
MODERATE
The bill was amended to add House amendments after Senate amendments were already included. The digest was simplified to focus on extending the sunset for the BAIT tax and allowing tax overpayments to be applied to future years, while some detailed provisions about trusts and opt-out elections were moved to bracketed text indicating they may be optional or less emphasized. The effective date for the overpayment provision was changed from applying to all tax years in the sunset period to only applying to overpayments made before January 1, 2027.
Scope change
The scope of the bill's applicability was narrowed for the overpayment provision, which now only applies to overpayments made before January 1, 2027, rather than all tax years in the sunset period.
TIMELINE

The overpayment provision now only applies to overpayments made before January 1, 2027, instead of all tax years in the sunset period.

DIGEST

The bill digest was simplified to focus on the main changes (extending sunset and overpayment application) while moving detailed provisions about trusts and opt-out elections to bracketed text.

ELIGIBILITY

The eligibility criteria for trusts to participate in pass-through entities was moved to bracketed text in the digest, suggesting it may be less prominent or optional in the B-Engrossed version.

TECHNICAL

Minor formatting changes including updating the bill version from A-Engrossed to B-Engrossed and adding House amendment dates.

Floor votes · Senate Jun 17, 2025

How they voted

30–0
Passed
Total votes 30
Jun 17, 2025
D Democratic18
18 Yea
100% Yea
R Republican12
12 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
18
Key actions
3
Committee
5
Jun 20, 2025
Lower · Passed
Recommendation: Do pass with amendments and be printed B-Engrossed.
lower
Jun 17, 2025
Committee
Referred to Revenue.
lower
Jun 17, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
Jun 17, 2025
Upper · Passed
Third reading. Carried by Meek. Passed.
upper
Jun 13, 2025
Committee
Subsequent referral rescinded by order of the President.
upper
Jun 13, 2025
Upper · Passed
Recommendation: Do pass with amendments and subsequent referral to Tax Expenditures be rescinded. (Printed A-Eng.)
upper
Jan 17, 2025
Committee
Referred to Finance and Revenue, then Tax Expenditures.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.