OregonRelating to a tax imposed on university endowments; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
What it does
Imposes excise tax on net investment income of public universities. Directs revenues to Fund for Student Success. Applies to tax years beginning on or after January 1, 2026.
More detail
Takes effect on 91st day following adjournment sine die.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 28In committee upon adjournment.Latest
- Feb 25Referred to Finance and Revenue.Minor
- Feb 25Introduction and first reading. Referred to President's desk.Introduced