Relating to a tax credit for de novo banks; and prescribing an effective date.

The Act makes a new tax credit for new banks. (Flesch Readability Score: 100.0). 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.

Status

Passed

Signed or otherwise enacted

Status date

Apr 6, 2026

220 days ago

Current chamber

House of Representatives

Session

2026 Regular Session