Oregon House Bill 4052: Relating to a tax credit for de novo banks; and prescribing an effective date.

Oregon · 2026 Regular Session

What it does

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.

Latest action

Chapter 36, (2026 Laws): Effective date June 5, 2026. (2026-04-06)

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