Oregon - Session 2026R1
Title: Creates Oregon corporate excise and income tax subtractions for amounts received in resolution of a civil action arising from wildfire.
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 the earliest tax year in which a subtraction is allowed. Applies to declarations and executive orders issued on or after January 1, 2018, and before January 1, 2027, 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.
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| Date | Event | Detail |
|---|---|---|
| 2026-02-02 | Introduced | Bill introduced |
| 2026-02-02 | Status | in_committee |
| 2026-02-02 | Latest Action | Referred to Revenue. |
| Bill | Title | Status |
|---|---|---|
| HB 4031 | Exempts an energy facility from needing a site certificate from the Energy Facility Siting Council if the energy facility produces power from a renewable energy source, qualifies for certain federal renewable energy tax credits and is placed in service on or before December 31, 2030, or a date allowed by exception and a local land use application for the facility is submitted on or before December 31, 2028. | introduced |
| HB 4134 | Increases the state transient lodging tax. | passed_lower |
| HB 4148 | Allows net local transient lodging tax revenue to be used for resiliency grants for small businesses in the restaurant and lodging industry. | introduced |
| SB 1510 | Updates the terminology used to describe certain income earned by multinational corporations to reflect a change in the term used in federal law. | in_committee |
| HB 4004 | Provides that additional taxes otherwise imposed upon disqualification of land from certain forestland special assessment programs may not be collected if the disqualification is due to the suspension of reforestation requirements as a result of insects or disease. | introduced |
| HB 4014 | Establishes the Task Force on Taxation of International Income. | in_committee |
| HB 4052 | Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. | introduced |
| HB 4084 | Establishes the Joint Permitting Council. | in_committee |