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OregonSB 15102026 Regular SessionSenateWALLET

Relating to taxation; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Became Law

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Bill Overview

Analyzed Economic Effects

9 provisions identified: 2 benefits, 0 costs, 7 mixed.

More support for Oregon film and media

For films and local media with at least $1,000,000 in Oregon spending, the state reimburses 20% of Oregon payroll and 25% of other Oregon costs. A single film cannot receive more than half of the fund’s money for that biennium. Local filmmakers or local media service companies can get up to $1,000,000 if they spend at least $75,000 and 80% of payroll goes to Oregon residents. If you film entirely outside the Portland metro, you can get $200 per employee per day (capped at $10,000 per day and $50,000 per film) or a 10% boost when at least six days, and more than half of Oregon shoot days, are outside Portland. Interactive video games and postproduction work now count as local media production. The Film Office verifies expenses and may charge and deduct reasonable review or audit costs. Payments come only from the Oregon Production Investment Fund and depend on available money. These changes apply to fiscal years that begin on or after July 1, 2026.

Business loss and carryback years set

For tax years that start on or after January 1, 2023 and before January 1, 2029, Oregon applies these business tax rules. They also apply to any year that carries back a net operating loss that arose in those years.

New rules for pass-through business tax

If your pass-through entity elects Oregon’s alternative business tax, you must add back any Oregon income tax the entity deducted on its federal return. The state sets the program window to tax years that start from January 1, 2022 through December 31, 2027. The repeal of related 2021 rules applies only in years when the federal SALT cap rule (IRC 164(b)(6)) does not apply. Amended overpayment rules apply only to overpayments made before January 31, 2028.

New rules for enrolled agents

The law defines “enrolled agent” and lets enrolled agents and their supervised employees work without Oregon tax‑practitioner licenses. To prepare paid Oregon personal income tax returns without a state license, an enrolled agent must register with the State Board; the Board must register them if they apply and pay the fee, and it cannot require a state exam or state continuing education. Registered enrolled agents can represent taxpayers at the Oregon Department of Revenue like tax consultants, and the Board may accept their supervision certifications toward licensing. The Board sets fees (limited to administrative costs and state‑approved) and tightens supervision rules: preparers must work under approved supervision, only two registered aides may be supervised at once, and only licensed people may act as refund anticipation loan facilitators.

New rules for dividends and foreign income

Oregon now allows an 80% subtraction for dividends from 20%‑owned companies and certain foreign income included in federal income. The state treats that foreign income (GILTI) like a dividend. You must add back any related federal IRC 250 deduction when figuring Oregon taxable income. Oregon also leaves dividend and related 245A amounts out of the sales factor used to apportion income to Oregon.

Cargo containers stay tax-exempt to 2032

Cargo containers remain exempt from Oregon property tax through July 1, 2032. This extends the prior end date of July 1, 2026.

Fuel tax break for tribal stations

The first sale of motor fuel is exempt from Oregon’s license tax when a tribe buys it for a tribe‑owned station on reservation or trust land. The tribe must charge a distribution tax at the same rate as the state and certify each year to stay eligible. The law removes the old spending restriction on this revenue.

Earlier state tax updates kept in effect

The 2019 update to an Oregon tax rule applies to tax years starting on or after January 1, 2020, and the earlier January 1, 2026 end date is removed. The 2021 update applies to tax years starting on or after January 1, 2022, and that end date is also removed.

When this 2026 law starts

The act takes effect on the 91st day after the 2026 regular session ends. This date controls when its rules start, unless a section names its own start date.

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: 91 • No: 1

House vote • 3/4/2026

Third reading. Carried by Nathanson. Passed.

Yes: 52 • No: 0

House vote • 3/2/2026

Revenue: Heard and Reported Out

Yes: 6 • No: 0

Senate vote • 2/24/2026

Third reading. Carried by Broadman, McLane. Passed.

Yes: 28 • No: 1

Senate vote • 2/16/2026

Finance and Revenue: Heard and Reported Out with Amendments

Yes: 5 • No: 0

Actions Timeline

  1. Effective date, June 5, 2026.

    4/6/2026Senate

  2. Chapter 75, 2026 Laws.

    4/6/2026Senate

  3. Governor signed.

    3/31/2026Senate

  4. Speaker signed.

    3/5/2026House

  5. President signed.

    3/5/2026Senate

  6. Third reading. Carried by Nathanson. Passed.

    3/4/2026House

  7. Second reading.

    3/3/2026House

  8. Recommendation: Do pass.

    3/3/2026House

  9. Public Hearing and Work Session held.

    3/2/2026House

  10. Referred to Revenue.

    2/24/2026House

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

    2/24/2026House

  12. Third reading. Carried by Broadman, McLane. Passed.

    2/24/2026Senate

  13. Carried over to 02-24 by unanimous consent.

    2/23/2026Senate

  14. Second reading.

    2/20/2026Senate

  15. Recommendation: Do pass with amendments. (Printed A-Eng.)

    2/19/2026Senate

  16. Work Session held.

    2/16/2026Senate

  17. Public Hearing held.

    2/11/2026Senate

  18. Referred to Finance and Revenue.

    2/2/2026Senate

  19. Introduction and first reading. Referred to President's desk.

    2/2/2026Senate

Bill Text

  • Enrolled

    3/4/2026

    PDF

  • A-Engrossed

    2/19/2026

    PDF

  • Senate Amendments to Introduced

    2/19/2026

    PDF

  • SFR Amendment -3 (Proposed)

    2/16/2026

    PDF

  • SFR Amendment -4 (Adopted)

    2/16/2026

    PDF

  • SFR Amendment -1 (Proposed)

    2/11/2026

    PDF

  • SFR Amendment -2 (Proposed)

    2/11/2026

    PDF

  • Introduced

    1/28/2026

    PDF

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