HB2724 • 2025

Requires every corporation to annually file an affidavit with the Department of Revenue attesting that the corporation has registered or attempted to register with the United States Selective Service System.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Evans
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires every corporation to annually file an affidavit with the Department of Revenue attesting that the corporation has registered or attempted to register with the United States Selective Service System.

Digest: Tells companies that each year they must send to the state tax agency a notice stating the company registered, or tried to register, for the draft.

What This Bill Does

Digest: Tells companies that each year they must send to the state tax agency a notice stating the company registered, or tried to register, for the draft.
The company must file the notice when the company files a tax return.
Lets the company file the notice within three years after filing the tax return.
Tells the state tax agency not to allow subtractions or credits if the company does not file the notice.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-01-17 House
Referred to Revenue.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: Tells companies that each year they must send to the state tax agency a notice stating the company registered, or tried to register, for the draft. The company must file the notice when the company files a tax return. Lets the company file the notice within three years after filing the tax return. Tells the state tax agency not to allow subtractions or credits if the company does not file the notice. (Flesch Readability Score: 64.3).
Requires every corporation to annually file an affidavit with the Department of Revenue attesting that the corporation has registered or attempted to register with the United States Selective Service System. Directs the department to disallow all state corporate excise or income tax subtractions and credits claimed by the corporation if the corporation fails to file an affidavit with the corporation's tax return. Allows the corporation to comply with the law by filing an affidavit within three years after filing a return.
Relating to: Relating to corporate registration for federal selective service.
Current location: In House Committee

Current Bill Text

Read the full stored bill text

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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
House Bill 2724
Sponsored by Representative EVANS (Presession filed.)
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure as introduced. The statement includes a measure digest written in compliance with applicable readability
standards.
Digest: Tells companies that each year they must send to the state tax agency a notice stating
the company registered, or tried to register, for the draft. The company must file the notice when
the company files a tax return. Lets the company file the notice within three years after filing the
tax return. Tells the state tax agency not to allow subtractions or credits if the company does not
file the notice. (Flesch Readability Score: 64.3).
Requires every corporation to annually file an affidavit with the Department of Revenue at-
testing that the corporation has registered or attempted to register with the United States Selective
Service System. Directs the department to disallow all state corporate excise or income tax sub-
tractions and credits claimed by the corporation if the corporation fails to file an affidavit with the
corporation’s tax return. Allows the corporation to comply with the law by filing an affidavit within
three years after filing a return.
A BILL FOR AN ACT
Relating to corporate registration for federal selective service.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
(1) Every corporation that is incorporated in this state as described in ORS
60.051 or that is a foreign corporation that is authorized to transact business in this state
under ORS 60.701 each year must file an affidavit in which the corporation attests that the
corporation registered or attempted to register with the United States Selective Service
System.
(2) The corporation shall file the affidavit with the Department of Revenue at the time
the corporation files a corporate excise or income tax return under ORS chapter 317 or 318.
(3) Notwithstanding any other provision of law, if a corporation fails to file an affidavit
as described in subsection (2) of this section, the department shall disallow all Oregon sub-
tractions and credits the corporation claimed on the corporation’s return.
(4) The department shall allow a corporation to file an affidavit that brings the corpo-
ration into compliance with this section for three years after the date on which the corpo-
ration filed the corporation’s return.
NOTE: Matter in boldfaced type in an amended section is new; matter [ italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 2662