2025 Regular Session • Oregon Legislature
SB407: Relating to decreases in capital gains tax rates; prescribing an effective date.
Legislative Summary
The Act reduces tax rates on capital gains. (Flesch Readability Score: 82.3). Reduces the rate of tax on capital gains of personal income and corporate income and excise taxpayers. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die. .
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/13/2025
Introduction and first reading. Referred to President's desk.
Senate
1/17/2025
Referred to Finance and Revenue.
Senate
Status Information
Current Status
Introduced(1/13/2025)
Chamber
Senate
Committee
Finance and Revenue(Senate)
Sponsors
Republican: 1
Primary Sponsor
Fred Girod
Republican