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Committee reviews SALT workaround extension and options to include trusts, opt‑outs and carryforwards
Summary
On April 28, 2025, the Senate Committee on Finance and Revenue received an informational briefing on Senate Bill 111, the state’s business alternative income tax designed as a SALT workaround, and on proposed amendments to expand eligibility and administrative rules.
On April 28, 2025, the Senate Committee on Finance and Revenue received an informational briefing on Senate Bill 111, the state’s business alternative income tax that operates as a SALT (state and local tax) workaround.
Legislative staff explained the bill’s core design: Oregon and about 35 other states adopted a revenue‑neutral mechanism that allows pass‑through entities to pay a state tax at the entity level so individual owners can effectively…
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