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Senate approves Department of Revenue catch‑all bill addressing forest tax, Ag employer credit and foreign earned income
Summary
House Bill 23 39 makes technical and policy adjustments: it shifts small tract forest severance calculation and distribution dates, expands data‑sharing agreements for marijuana and psilocybin programs, clarifies S‑corporation tax-credit treatment, and limits foreign earned income for the Oregon KIDs credit.
The Senate passed House Bill 23 39 on third reading, a Department of Revenue package that the sponsor described as addressing five distinct issues related to tax administration and reporting.
Senator Patterson summarized the components: changing calculation and distribution dates for the small tract forest severance tax to allow the Department of Revenue more time; expanding data‑sharing authority with the Oregon Liquor and Cannabis…
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