Relating to a tax credit for de novo banks; and prescribing an effective date.
About This Bill
Latest Action · Apr 6, 2026
Chapter 36, (2026 Laws): Effective date June 5, 2026.
Session
2026R1
Introduced
Feb 2, 2026
Primary Sponsor
E. Werner Reschke· primary
Summary
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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.