Oregon HB4052 creates a tax credit for new banks starting business in the state.

Oregon HB4052 introduces a corporate excise tax credit for de novo banks, those newly chartered in Oregon, for the first three years of operation. The credit applies to Oregon-chartered banks starting business between January 1, 2027, and January 1, 2033. The credit is limited to $1 million per year and cannot be carried forward beyond three years. Shareholders of S corporations are eligible for the credit in proportion to their shares.

Oregon HB4052 creates a tax credit for new banks starting business in the state.

Oregon HB4052 introduces a corporate excise tax credit for de novo banks, those newly chartered in Oregon, for the first three years of operation. The credit applies to Oregon-chartered banks starting business between January 1, 2027, and January 1, 2033. The credit is limited to $1 million per year and cannot be carried forward beyond three years. Shareholders of S corporations are eligible for the credit in proportion to their shares.