Establishes December 21, 2017, as the connection date for the Internal Revenue Code sections governing bonus depreciation and deduction of net…
- Introduced Jan 13, 2025
- In committee Jan 17, 2025
- Died
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
The Act cuts off the connection to some tax deductions for business and ties to 2017 tax law. (Flesch Readability Score: 62.8). Establishes December 21, 2017, as the connection date for the Internal Revenue Code sections governing bonus depreciation and deduction of net business interest. Allows full bonus depreciation in the first year of service and provides for the addition in later year of excess amounts…
Read the full title (125 words)
The Act cuts off the connection to some tax deductions for business and ties to 2017 tax law. (Flesch Readability Score: 62.8). Establishes December 21, 2017, as the connection date for the Internal Revenue Code sections governing bonus depreciation and deduction of net business interest. Allows full bonus depreciation in the first year of service and provides for the addition in later year of excess amounts subtracted from federal taxable income. Applies to tax years beginning on or after January 1, 2025, and to property placed in service on or after January 1, 2025. Allows the deduction of certain net business interest without limitation. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.
Read the full official title (23 words)
Establishes December 21, 2017, as the connection date for the Internal Revenue Code sections governing bonus depreciation and deduction of net business interest.
Every action
3 steps, oldest first, as the legislature records them.
- HouseFirst reading. Referred to Speaker's desk.
- CommitteeReferred to Revenue. · House Revenue
- HouseIn committee upon adjournment.
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it.
-
E. Werner ReschkeR Primary sponsor · District 55
From Oregon's official records (api.oregonlegislature.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.