Oregon HB 4027 – BOLI Expense Fund Payroll Tax

HB 4027 creates a new “BOLI Expenses Fund” to stabilize and expand BOLI staffing, funded by a payroll tax shared equally between employers and employees.

While the exact rate will be set by the Director of the Department of Consumer and Business Services (DCBS), it is anticipated to be approximately 0.2 cents per hour worked, split equally between the employer and the employee.