Removes the 15-year limitation on the carryforward of net operating losses by corporate excise taxpayers.

What it does

The legislature's own summary of the bill, or its official long title.

The Act allows corporate NOLs to be carried forward to all tax years. (Flesch Readability Score: 61.3). Removes the 15-year limitation on the carryforward of net operating losses by corporate excise taxpayers. Limits the net operation loss deduction to 95 percent of taxable income in a tax year. Applies to the determination of Oregon taxable income for all tax years beginning on or after January 1, 2026, and to net losses arising in tax years beginning on or after January 1, 2010. Takes effect on the 91st day following adjournment sine die.

Every action

3 steps, oldest first, as the legislature records them.

1. Feb 25, 2025HouseFirst reading. Referred to Speaker's desk.
2. Feb 27, 2025CommitteeReferred to Revenue. · House Revenue
3. Jun 27, 2025HouseIn 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