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House Revenue committee holds work session on HB 2,092, discusses 1- and 2-year “reconnect” suspensions
Summary
Chair Nathanson opened a work session on House Bill 2,092 to discuss proposed 1- and 2-year suspensions of Oregon’s rolling reconnect to federal tax changes.
Chair Nathanson opened a work session on House Bill 2,092 on March 11 to discuss amendments that would suspend Oregon’s rolling reconnection to certain federal tax provisions. “This work session is for the purpose of discussing amendments only. I do not expect that we will be making any motions or adopting any motions today,” Chair Nathanson said at the start of the session.
The bill concerns the state’s “reconnect” mechanism tying Oregon taxable-income definitions to changes in federal law from the Tax Cuts and Jobs Act (TCJA). Legislative Revenue Office analyst…
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