Relating to a tax credit for de novo banks; and prescribing an effective date.
It became law on Apr 6, 2026.
- Stage
- Became law
- Started in
- House
- Sponsors
- 13
- Latest action
- Apr 6, 2026
What it does
Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. Applies only to Oregon-chartered banks that commence business in tax years beginning on or after January 1, 2027, and before January 1, 2033. Takes effect on the 91st day following adjournment sine die.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Oregon.