Bill > HB4052

This bill establishes a new corporate excise tax credit for de novo banks, which are defined as new banks chartered in Oregon that begin operations in the state within the current or two preceding tax years and are not formed by or merged with an existing taxpayer. This credit, capped at $1 million per year, can be claimed for the first three consecutive tax years a de novo bank operates in Oregon, starting from the year it commences business. To qualify, banks must obtain a bank charter and a certificate of authority to operate in the state. Any unused credit can be carried forward for up to three subsequent tax years, and the Department of Consumer and Business Services will be responsible for creating rules to verify eligibility. This provision specifically applies to Oregon-chartered banks starting business between January 1, 2027, and January 1, 2033, and the bill takes effect 91 days after the legislative session concludes.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/HB4052