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House approves task force to study taxation of international income after heated floor debate
Summary
House Bill 40 14, creating a task force to study taxation of international income (GILTI/FDII), passed after extended debate and a failed motion to re‑refer; supporters said the study is needed, opponents warned its broad language risks wide policy scope.
Representative Hudson introduced House Bill 40 14, which establishes an 11‑member task force to investigate whether changes to Oregon’s tax code could improve or simplify the state’s treatment of international income. He said the task force would include legislative and subject‑matter appointees and deliver a report by 12/01/2026.
Floor debate became extensive and at times sharply partisan. Representative Reschke moved to re‑refer the bill to the House Revenue Committee to narrow its scope, arguing the phrase authorizing the task force to "explore other broader potential statutory changes" was too broad and risked opening unrelated topics; that re‑refer motion failed. Opponents characterized the measure as an opening to new taxes and a threat to businesses; supporters urged a measured study to gather data and stakeholder input before considering policy changes.
After multiple members spoke for and against the study, the House voted and the presiding officer declared House Bill 40 14 passed on final reading. The task force will convene, take testimony, and report back to the legislature by the statutory deadline listed in the bill.
