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OregonHB 40842026 Regular SessionHouseWALLET

Relating to economic development; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Became Law

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Bill Overview

Analyzed Economic Effects

6 provisions identified: 1 benefits, 2 costs, 3 mixed.

Tax credit for creating Oregon jobs

Businesses in qualified industries get a $1,000 state income tax credit for each certified net new Oregon job. You can claim up to 10 jobs per tax year (up to $10,000). Each counted job must pay at least 150% of the applicable minimum wage. You need written certification from the Oregon Business Development Department before you claim. Unused credit carries forward for three years, limited by your tax bill.

Pause on zone breaks for data centers

Oregon stops new enterprise zone authorizations for data center projects until 90 days after the 2027 regular legislative session ends. The ban section is repealed on January 2, 2029.

Longer zone tax breaks with wage rules

Enterprise zone property tax exemptions can extend past three years by written agreement. Extensions can last two more years, or up to 10 years when approved for major investments or regional impact. New hires under these deals must be paid at least 150% of the county average wage (130% in qualified rural counties) and not less than 100% of the county average. Sponsors and firms can agree to phased or delayed hiring or other measures like job retention, in a written plan. These flex rules and extensions do not apply to data center property.

Fast-track state permits for big projects

Oregon creates a Joint Permitting Council in the Governor’s office to coordinate permits. The council runs a fast-track program for large projects that need multiple state approvals. To qualify, investment must exceed $100 million in certain urban areas, $50 million elsewhere, or $25 million in nonurban counties, and meet readiness and industry-target rules. The Governor must approve and cannot approve when 15 projects are already in the program. Approved projects get a plan with shorter timelines, a lead agency, and monthly updates.

New rules on enterprise zone eligibility

Enterprise zones now must be backed by local evidence, like redevelopment-ready land and economic transition needs. Sponsors must align zones with local and regional development and climate or energy goals. Eligible firms focus on business-to-business work such as making, processing, shipping, or storage. Most retail, housing, child care, tourism, and most health care are excluded. A sponsor can seek a waiver for excluded firms by showing substantial community benefit. Sponsors may name priority industries by resolution, and commonly owned firms can elect to be treated as one.

New enterprise zone filing fee

Zone sponsors can charge an application filing fee after they adopt a fee policy. The fee is capped at the greater of $200 or 0.1% of your proposed investment in qualified property. You must use state-prescribed forms and file with the sponsor. A preauthorization meeting with the county assessor may be required. Late filings are allowed only if rules allow or the Department of Revenue waives the deadline.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 128 • No: 17

Senate vote • 3/6/2026

Third reading. Carried by Meek. Passed.

Yes: 21 • No: 8

House vote • 3/4/2026

Third reading. Carried by Nguyen D. Passed.

Yes: 50 • No: 5

legislature vote • 3/2/2026

Ways and Means: Heard and Reported Out with Amendments

Yes: 42 • No: 2

House vote • 2/19/2026

Revenue: Heard and Reported Out with Amendments

Yes: 5 • No: 1

House vote • 2/9/2026

Economic Development, Small Business, and Trade: Heard and Reported Out with Amendments

Yes: 10 • No: 1

Actions Timeline

  1. Chapter 50, (2026 Laws): Effective date June 5, 2026.

    4/6/2026House

  2. Governor signed.

    3/31/2026House

  3. President signed.

    3/10/2026Senate

  4. Speaker signed.

    3/10/2026House

  5. Vote explanation(s) filed by Sollman.

    3/6/2026Senate

  6. Pham, granted unanimous consent to change vote to nay.

    3/6/2026Senate

  7. Third reading. Carried by Meek. Passed.

    3/6/2026Senate

  8. Second reading.

    3/5/2026Senate

  9. Recommendation: Do pass the C-Eng. bill.

    3/5/2026Senate

  10. Referred to Ways and Means.

    3/4/2026Senate

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

    3/4/2026Senate

  12. Third reading. Carried by Nguyen D. Passed.

    3/4/2026House

  13. Second reading.

    3/3/2026House

  14. Recommendation: Do pass with amendments and be printed C-Engrossed.

    3/3/2026House

  15. Returned to Full Committee.

    3/2/2026House

  16. Work Session held.

    3/2/2026House

  17. Public Hearing and Work Session held.

    3/2/2026House

  18. Assigned to Subcommittee On Capital Construction.

    2/26/2026House

  19. Referred to Ways and Means by prior reference.

    2/23/2026House

  20. Recommendation: Do pass with amendments, be printed B-Engrossed, and be referred to Ways and Means by prior reference.

    2/23/2026House

  21. Work Session held.

    2/19/2026House

  22. Public Hearing held.

    2/16/2026House

  23. Referred to Revenue by prior reference and then Ways and Means .

    2/12/2026House

  24. Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference, then be referred to Ways and Means by prior reference.

    2/12/2026House

  25. Public Hearing and Work Session held.

    2/9/2026House

Bill Text

  • Enrolled

    3/6/2026

    PDF

  • C-Engrossed

    3/3/2026

    PDF

  • House Amendments to B-Engrossed

    3/3/2026

    PDF

  • JWM Amendment -B26 (Adopted)

    3/2/2026

    PDF

  • JWMCC Amendment -B15 (Proposed)

    3/2/2026

    PDF

  • JWMCC Amendment -B19 (Proposed)

    3/2/2026

    PDF

  • JWMCC Amendment -B20 (Proposed)

    3/2/2026

    PDF

  • JWMCC Amendment -B21 (Proposed)

    3/2/2026

    PDF

  • JWMCC Amendment -B24 (Proposed)

    3/2/2026

    PDF

  • B-Engrossed

    2/23/2026

    PDF

  • House Amendments to A-Engrossed

    2/23/2026

    PDF

  • HREV Amendment -A10 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A11 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A12 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A13 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A14 (Adopted)

    2/19/2026

    PDF

  • HREV Amendment -A7 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A8 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A9 (Proposed)

    2/19/2026

    PDF

  • HREV Amendment -A5 (Proposed)

    2/16/2026

    PDF

  • A-Engrossed

    2/12/2026

    PDF

  • House Amendments to Introduced

    2/12/2026

    PDF

  • HECDSB Amendment -4 (Adopted)

    2/9/2026

    PDF

  • HECDSB Amendment -1 (Proposed)

    2/4/2026

    PDF

  • Introduced

    1/28/2026

    PDF

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