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OregonHB 40522026 Regular SessionHouseWALLET

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

Sponsored By: E. Werner Reschke (Republican), Pam Marsh (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Up to $1M credit for new Oregon banks

Oregon gives a tax credit to new Oregon‑chartered “de novo” banks. The credit equals the tax you would owe, up to $1,000,000 each year, for three years starting when you begin business. Unused amounts carry forward for up to three more tax years, but the credit never exceeds your tax bill. Only banks that start business in tax years beginning on or after January 1, 2027 and before January 1, 2033 qualify. The bank must be newly chartered in Oregon, not formed by a merger or conversion of a prior Oregon filer, and must have a charter and certificate of authority. The credit is treated like other business credits, so S corporation owners receive their pro rata share.

State checks who can claim the credit

The Department of Consumer and Business Services sets rules to verify which banks qualify for the new credit. The agency shares eligibility information with the Department of Revenue when Oregon law requires. This adds paperwork and timing steps but does not change the size of the credit.

Sponsors & Cosponsors

Sponsors

  • E. Werner Reschke

    Republican • House

  • Pam Marsh

    Democratic • House

Cosponsors

  • Anna Scharf

    Republican • House

  • Ben Bowman

    Democratic • House

  • Bobby Levy

    Republican • House

  • Christine Drazan

    Republican • Senate

  • David Brock Smith

    Republican • Senate

  • David Gomberg

    Democratic • House

  • John Lively

    Democratic • House

  • Jules Walters

    Democratic • House

  • Mark Meek

    Democratic • Senate

  • Nathan Sosa

    Democratic • House

  • Zach Hudson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 93 • No: 0

Senate vote • 3/4/2026

Third reading. Carried by Drazan. Passed.

Yes: 30 • No: 0

Senate vote • 3/2/2026

Finance and Revenue: Heard and Reported Out

Yes: 4 • No: 0

House vote • 2/24/2026

Third reading. Carried by Reschke. Passed.

Yes: 52 • No: 0

House vote • 2/18/2026

Revenue: Heard and Reported Out

Yes: 7 • No: 0

Actions Timeline

  1. Chapter 36, (2026 Laws): Effective date June 5, 2026.

    4/6/2026House

  2. Governor signed.

    3/31/2026House

  3. President signed.

    3/6/2026Senate

  4. Speaker signed.

    3/5/2026House

  5. Third reading. Carried by Drazan. Passed.

    3/4/2026Senate

  6. Second reading.

    3/3/2026Senate

  7. Recommendation: Do pass.

    3/3/2026Senate

  8. Public Hearing and Work Session held.

    3/2/2026Senate

  9. Referred to Finance and Revenue.

    2/25/2026Senate

  10. First reading. Referred to President's desk.

    2/25/2026Senate

  11. Third reading. Carried by Reschke. Passed.

    2/24/2026House

  12. Carried over to February 24, 2026 Calendar by virtue of adjournment.

    2/23/2026House

  13. Second reading.

    2/20/2026House

  14. Recommendation: Do pass.

    2/19/2026House

  15. Work Session held.

    2/18/2026House

  16. Public Hearing held.

    2/4/2026House

  17. Referred to Revenue.

    2/2/2026House

  18. First reading. Referred to Speaker's desk.

    2/2/2026House

Bill Text

  • Enrolled

    3/4/2026

    PDF

  • Introduced

    1/28/2026

    PDF

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