SB 1510
Updates the terminology used to describe certain income earned by multinational corporations to reflect a change in the term used in federal law.
Jurisdiction
Oregon
Session
2026 Regular Session
At the request of
(at the request of Senate Interim Committee on Finance and Revenue)
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Sign in to take actionPublic sentiment
Support
76%
Oppose
24%
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill updates terminology used to describe income earned by multinational corporations to align with changes in federal tax law. Specifically, it adjusts the definition of ‘global intangible low-taxed’ net controlled foreign corporation tested income. The bill also makes several related technical corrections to Oregon tax statutes, including adjustments to sunset dates for tax credit provisions, modifications to the film tax credit, and updates to property tax exemptions. It also addresses issues related to refund anticipation loans and the registration of tax professionals.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Senate Interim Committee on Finance and Revenue
Arguments in favor
Reasons to support this legislation.
Supporters of the proposed legislation argue that Oregon's unique state examination requirement for Enrolled Agents creates unnecessary barriers and restricts taxpayer access to qualified, affordable representation. They advocate for aligning Oregon law with federal authority, allowing EAs to supervise trained staff without duplicating federal licensure, thereby increasing access to qualified tax representation and reducing barriers for small businesses, rural taxpayers, seniors, and lower-income filers. This alignment would preserve consumer protection while eliminating unnecessary duplication of regulatory requirements. By adopting federal parity, Oregon can improve taxpayer choice, increase competition, and reduce compliance costs, ultimately promoting a more efficient and effective tax system.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
Opponents of the proposed legislation express concerns that removing or relaxing licensing requirements for tax practitioners would undermine Oregon's framework for ensuring competency and consumer protection. They argue that allowing unqualified out-of-state companies to operate in Oregon without proper education and licensing could harm taxpayers, damage relationships with existing clients, and lead to a loss of trust in the industry. Testifiers also express concerns about exemptions from regulation, citing potential risks to consumers, revenue loss for the state, and negative impacts on businesses hiring experienced tax professionals. Furthermore, they emphasize the importance of maintaining current licensure requirements for Enrolled Agents to ensure they have necessary education and expertise to represent clients in taxation.
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