All Roll Calls
Yes: 89 • No: 89
OregonSB 15072026 Regular SessionSenateWALLET
Relating to revenue; and prescribing an effective date.
Sponsored By: Sponsor information unavailable
Became Law
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Bill Overview
Analyzed Economic Effects
11 provisions identified: 2 benefits, 2 costs, 7 mixed.
Bigger Earned Income Credit for families
Beginning January 1, 2026, Oregon boosts its Earned Income Tax Credit. You get 14% of your federal EITC. If you have a dependent under age three at year‑end, you get 17% of your federal EITC. Nonresidents claim the same percentage but prorate it under state rules. You must meet Oregon’s eligibility rules to claim it.
No Oregon break for car-loan interest
Starting January 1, 2026, you must add back to Oregon income any qualified passenger vehicle loan interest you deducted on your federal return. Your Oregon taxable income goes up by that same dollar amount. This can raise your Oregon tax bill.
QSBS gains taxed in Oregon
Starting January 1, 2026, if you exclude gain from qualified small business stock on your federal return, you must add that amount back to Oregon taxable income. This raises your Oregon taxable income by the same dollars you excluded federally. Your Oregon tax bill can increase because of this add‑back.
New jobs credit for small businesses
From January 1, 2026 through January 1, 2032, your business can claim $1,000 per net new Oregon job, up to 10 jobs a year. Jobs must pay at least 150% of the minimum wage, and you must get written certification first. The credit cannot be larger than your tax, but you can carry unused amounts forward for two years. For S corporations, the credit passes through to shareholders under existing rules. The state caps total certified credits at $12.5 million per year and will prorate certifications if demand is higher.
Work and leave programs sync to 2025 rules
Starting January 1, 2026, Oregon’s unemployment insurance and paid family and medical leave programs use federal tax code definitions as of December 31, 2025. This may change who counts as self‑employed, how income is measured, and some reporting and eligibility details. Employers and workers should follow the updated definitions.
Pre-2026 tax fixes: amend returns, no penalties
Starting January 1, 2026, if the listed law changes affect a tax year that began before 2026, you must file an amended return within the normal time. If you do not, the Department of Revenue can adjust your return within the usual periods, or within one year after you file a 2026 return. If a retroactive change causes a deficiency, Oregon cancels the related interest and penalties. If a retroactive change gives you a refund, the state pays that part without interest.
Bonus depreciation timing changes for businesses
Starting January 1, 2026, Oregon changes how you claim bonus depreciation. For property placed in service in tax years beginning on or after that date, you add back the extra first‑year write‑off now and subtract it later when it would have been allowed under 2017 federal rules. The law also sets start dates for certain other sections, including the EITC update and these property rules, for tax years beginning in 2026.
Tax rules align to 2025 federal code
Starting January 1, 2026, Oregon uses the Internal Revenue Code as it stood on December 31, 2025 for personal income tax, corporate income and excise tax, the commercial activity tax, and many state tax credits. Oregon also updates how income is measured for the pension income credit and care‑expense credits to that same federal date. These updates can change who qualifies and how amounts are calculated.
Hazardous public jobs count for retirement
The law adds a new definition of hazardous position for public employees. It includes Oregon State Hospital staff with direct patient contact and telecommunicators. If your job meets this definition, you may get different retirement treatment tied to hazardous positions.
Tax changes start 2026; follow federal dates
Beginning January 1, 2026, the law applies the listed tax changes to transactions on or after that date unless another date is stated. For personal and corporate income taxes, Oregon follows federal effective dates and special coordination rules from federal laws enacted before January 1, 2026, when practical. This sets when you and the Department use the new rules.
Nonprofit and savings program definitions updated
Beginning January 1, 2026, Oregon uses the federal code as of December 31, 2025 to define certain tax‑exempt nonprofits and to set which groups can administer Individual Development Accounts. This can change which organizations qualify as 501(c) entities for state purposes and which may run IDA programs.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/25/2026
Motion to re-refer to Revenue failed.
Yes: 19 • No: 33
House vote • 2/25/2026
Passed.
Yes: 34 • No: 21
House vote • 2/19/2026
Revenue: Heard and Reported Out
Yes: 4 • No: 2
Senate vote • 2/16/2026
Rules suspended. Motion to substitute Minority Report for Committee Report failed.
Yes: 12 • No: 18
Senate vote • 2/16/2026
Rules suspended. Third reading. Carried by Broadman. Passed.
Yes: 17 • No: 13
Senate vote • 2/9/2026
Finance and Revenue: Heard and Reported Out with Amendments
Yes: 3 • No: 2
Actions Timeline
Effective date, June 5, 2026.
4/14/2026SenateChapter 142, 2026 Laws.
4/14/2026SenateGovernor signed.
4/9/2026SenateSpeaker signed.
3/4/2026HousePresident signed.
2/27/2026SenatePassed.
2/25/2026HouseMotion to re-refer to Revenue failed.
2/25/2026HouseThird reading. Carried by Nathanson.
2/25/2026HouseSecond reading.
2/24/2026HouseRecommendation: Do pass.
2/20/2026HouseWork Session held.
2/19/2026HousePublic Hearing held.
2/18/2026HouseReferred to Revenue.
2/16/2026HouseFirst reading. Referred to Speaker's desk.
2/16/2026HouseVote explanation(s) filed by Starr.
2/16/2026SenateRules suspended. Third reading. Carried by Broadman. Passed.
2/16/2026SenateRules suspended. Motion to substitute Minority Report for Committee Report failed.
2/16/2026SenateSecond reading.
2/16/2026SenateMinority Recommendation: Do pass with different amendments. (Printed A-Eng. Minority)
2/13/2026SenateRecommendation: Do pass with amendments. (Printed A-Eng).
2/13/2026SenateWork Session held.
2/9/2026SenatePublic Hearing held.
2/4/2026SenateReferred to Finance and Revenue.
2/2/2026SenateIntroduction and first reading. Referred to President's desk.
2/2/2026Senate
Bill Text
Enrolled
2/26/2026
HREV Amendment -A10 (Proposed)
2/19/2026
HREV Amendment -A11 (Proposed)
2/19/2026
HREV Amendment -A12 (Proposed)
2/19/2026
HREV Amendment -A10 (Proposed)
2/18/2026
HREV Amendment -A11 (Proposed)
2/18/2026
HREV Amendment -A12 (Proposed)
2/18/2026
A-Engrossed
2/13/2026
Minority Report A-Engrossed
2/13/2026
Senate Amendments to Introduced
2/13/2026
Senate Minority Amendments to Introduced
2/13/2026
SFR Amendment -3 (Adopted)
2/9/2026
SFR Amendment -6 (Proposed)
2/9/2026
SFR Amendment -7 (Adopted)
2/9/2026
SFR Amendment -9 (Combined)
2/9/2026
SFR Amendment -MR8 (Proposed)
2/9/2026
SFR Amendment -3 (Proposed)
2/4/2026
SFR Amendment -4 (Proposed)
2/4/2026
SFR Amendment -5 (Proposed)
2/4/2026
Introduced
1/28/2026
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