Oregon legislation · 2026 Legislative Measures
Oregon HB4125: Relating to revenue estimates; prescribing an effective date.
Status: Failed, March 6, 2026
Digest: The Act adds detail for methods of making estimates of how much tax money comes into the General Fund. (Flesch Readability Score: 61.6). Prescribes methodology for the preparation of revenue estimates used in the budgeting process and as applicable to the surplus revenue refund process. Applies to estimates prepared on or after January 1, 2027. Requires the Department of Revenue to estimate the difference in surplus revenue calculations using stated methodologies, and transfer an amount equal to the difference for use for various purposes. Establishes the One-Time Emergencies and Finance Fund. Takes effect on the 91st day following adjournment sine die.
What the bill says
A bill FOR AN ACT Relating to revenue estimates; creating new provisions; amending ORS 291.342 and 291.349; and prescribing an effective date.
From the introduced text, January 28, 2026:
A BILL FOR AN ACT Relating to revenue estimates; creating new provisions; amending ORS 291.342 and 291.349; and prescribing an effective date. Be It Enacted by the People of the State of Oregon: SECTION 1. ORS 291.342 is amended to read: 291.342. (1) By August 15 of each year, but not earlier than 90 days from the end of the regular session of the Legislative Assembly held in that calendar year, the Oregon Department of Administrative Services, with the assistance of the Department of Revenue, shall: (a) Ascertain by computation and estimate the total amount of revenue available for state purposes for the current fiscal year; and (b) Apportion the state tax levy on property, if any, among the several counties in the manner provided in ORS 291.445. (2) The estimate described in subsection (1) of this section shall incorporate data projections toward the lower end of a generally accepted range of estimates, derived using methodology developed by nationally recognized data vendors and consensus driven models, and shall be based on revenue received for the 10 most recent fiscal years. [(2)] (3) In addition to the requirement in subsection (1) of this section, the Oregon Department of Administrative Services with the assistance of the Department of Revenue shall for each calendar quarter of the year ascertain by computation and estimate …
Sponsors
- Mark Gamba (D, 41) · primary sponsor
- Katherine Pham (D, 23) · primary sponsor
- Courtney Neron Misslin (D, 13) · primary sponsor
- Lesly Muñoz (D, 22) · primary sponsor
- Robert Nosse (D, 42) · primary sponsor
- Jeffrey Golden (D, 3) · primary sponsor
- Zachary Hudson (D, 49)
- Pam Marsh (D, 5)
- Thuy Tran (D, 45)
- Julianna Walters (D, 37)
- Wise, Lamar (D, 48)
- Lew Frederick (D, 22)
Latest actions
- : In committee upon adjournment.
- : Public Hearing held.
- : Referred to Revenue with subsequent referral to Ways and Means.
- : First reading. Referred to Speaker's desk.
Common questions
- What is HB4125?
- HB4125 is a bill in the Oregon Legislature (2026 Legislative Measures): Relating to revenue estimates; prescribing an effective date.
- What does HB4125 do?
- In its own words: A bill FOR AN ACT Relating to revenue estimates; creating new provisions; amending ORS 291.342 and 291.349; and prescribing an effective date.
- What is the status of HB4125?
- Failed as of March 6, 2026. Latest action: In committee upon adjournment. (March 6, 2026).
- Who sponsored HB4125?
- Mark Gamba (D, 41), with 11 co-sponsors.
- Where is the official record for HB4125?
- On the Oregon Legislature website: https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/4125
Source: official Oregon record. Tracked by Delilah, AI for legislation across all 50 states and Congress.