Ore. lawmakers propose response to federal tax overhaul

SALEM, Ore. (AP) – Oregon legislators have advanced a proposal to partially separate state tax laws from federal codes and allow high earners to avoid some federal taxes using charitable deductions, a move they said would soften the impact of President Donald Trump’s federal tax overhaul on the state.

The Senate Finance and Revenue Committee approved the proposal Friday, which also included broadened tax breaks for some businesses, a tax break for individuals, and new rules on taxing offshore funds. The measure now moves toward a vote by the full Senate.

State Sen. Mark Hass, the Democratic chairman of the committee, said a main focus is responding to changes in how some types of business income are taxed under federal law following the passage of the recent federal tax overhaul.