Oregon · Senate Bill 587 · 2025 Regular Session

Creates Oregon corporate excise and income tax subtractions for amounts received in resolution of a civil action arising from wildfire.

SB 587 Sponsored by Mark Meek and Ed Diehl Died in committee

  1. Introduced Jan 13, 2025
  2. In committee Jan 17, 2025
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

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

Exempts awards from and legal fees paid in wildfire suits from corporate excise and income tax. (Flesch Readability Score: 76.5). Creates Oregon corporate excise and income tax subtractions for amounts received in resolution of a civil action arising from wildfire. Creates Oregon corporate excise and income tax subtractions for wildfire-related legal fees paid by plaintiffs. Allows a taxpayer to amend a return to…

Read the full title (123 words)

Exempts awards from and legal fees paid in wildfire suits from corporate excise and income tax. (Flesch Readability Score: 76.5). Creates Oregon corporate excise and income tax subtractions for amounts received in resolution of a civil action arising from wildfire. Creates Oregon corporate excise and income tax subtractions for wildfire-related legal fees paid by plaintiffs. Allows a taxpayer to amend a return to claim a refund for earliest tax year in which subtraction is allowed. Applies to declarations and executive orders issued on or after January 1, 2018, and before January 1, 2026, and to amounts received, losses incurred and legal fees paid in tax years beginning on or after January 1, 2018. Takes effect on the 91st day following adjournment sine die.

Every action

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

  1. SenateIntroduction and first reading. Referred to President's desk.
  2. CommitteeReferred to Finance and Revenue. · Senate Finance and Revenue
  3. CommitteePublic Hearing held. · Senate Finance and Revenue
  4. CommitteeWork Session held. · Senate Finance and Revenue
  5. CommitteeRecommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.) · Senate Finance and Revenue
  6. CommitteeReferred to Tax Expenditures by order of the President. · Joint Tax Expenditures
  7. CommitteePublic Hearing held. · Joint Tax Expenditures
  8. SenateIn committee upon adjournment.

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
May 28, 2025 Senate Finance and Revenue Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)
Members

Yes · 5

 5–0

Sponsors

The 2 members who introduced it, joined by 10 cosponsors: 7 Republicans, 3 Democrats.

  • MM Mark MeekD Primary sponsor · District 20
  • Ed DiehlR Primary sponsor · District 17
All 10 cosponsors

From Oregon's official records (api.oregonlegislature.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.