Relating to changes to the tax laws of this state; and prescribing an effective date.

HB 2339 creates two separate timber severance tax funds - one for western Oregon and one for eastern Oregon - to manage tax revenues from timber harvesting. The bill specifies that 60.5% of each fund’s annual balance goes to the State School Fund, 4.5% to the Community College Support Fund, and 35% to counties in the respective region based on their share of small tract forestland value. These funds will reimburse the state for tax collection costs and directly affect counties in western and eastern Oregon through annual revenue distributions. The bill also clarifies interagency responsibilities for tax administration among the Department of Revenue, Oregon Liquor and Cannabis Commission, and Oregon Health Authority. It takes effect for calendar years beginning January 1, 2026.