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Lawmakers debate pausing "rolling" federal tax conformity for one year
Summary
The Senate Committee on Finance and Revenue heard competing testimony Wednesday on House Bill 2092A, which would suspend Oregon’s automatic "rolling" conformity to federal taxable‑income rules for tax year 2025 and fix the federal reference date at Dec. 31, 2024.
The Senate Committee on Finance and Revenue held a public hearing Wednesday on House Bill 2092A, a biennial "reconnect" bill that would suspend Oregon’s automatic, rolling conformity to the federal definition of taxable income for tax year 2025 and instead fix Oregon’s federal reference date at Dec. 31, 2024.
A committee staff summary described the bill as a routine but consequential technical measure that updates Oregon’s linkage to federal tax law. The bill would maintain annual updates to definitional connections while suspending the automatic tie to federal taxable‑income changes for 2025; automatic connection would resume Jan. 1, 2026.…
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