Establishes a task force to explore tax code changes for international income in Oregon.
The bill establishes the Task Force on Taxation of International Income to investigate potential changes to Oregon's tax code regarding international income. The task force will explore simplification and improvement of tax treatment for international income and may recommend legislation. It consists of 11 members, including representatives from labor unions, businesses, international corporations, and tax policy experts. The task force must submit a report by December 1, 2026, and the bill declares an emergency, taking effect immediately upon passage.
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