Tax cuts in Trump’s bill could cost Oregon nearly $1B in revenue over next 2 years, state analysis says

Oregon is expected to lose nearly $1 billion in revenue in the next two years due to the tax cuts in President Donald Trump’s signature legislation that passed Congress last month, according to a state analysis published in July.

The preliminary analysis , conducted by the nonpartisan Legislative Revenue Office, determined that Oregon could lose out on roughly $972 million in the two-year budget period that began in July based on various federal tax changes that will flow down to the state.

The federal bill includes more than 100 provisions that will impact Oregon’s tax system, according to the report. State analysts examined some of the largest cuts in the bill and estimated that Oregon will forgo about $451 million in personal income tax revenue and $581 million in corporate tax