Oregon legislation · 2026 Legislative Measures
Oregon SB1586: Relating to economic development; prescribing an effective date.
Status: Failed, March 6, 2026
Digest: The Act would change the tax credit for semiconductor research. The Act would set up and change some tax breaks for advanced manufacturing, enterprise zones and regionally significant industrial sites. The Act would direct certain state agencies to set up deadlines to process applications for permits and to make the deadlines public. The Act would make those agencies, no later than 60 days after the date on which the Act becomes law, publish a list of the permits that they issue. The Act would change tax and other laws and rezone lands to aid economic growth. (Flesch Readability Score: 60.4). Modifies the tax credit allowed for semiconductor research. Creates and amends certain programs offering tax breaks related to advanced manufacturing, enterprise zones and regionally significant industrial sites. Directs certain state agencies to establish deadlines within which the agency intends to process applications for permits and make the deadlines available to the public. Directs certain state agencies to publish a catalog of permits issued by the agency within 60 days after the effective date of the Act. Adds rural reserves in Washington County to Metro to be used for high-technology and advanced manufacturing purposes. Takes effect on the 91st day following adjournment sine die.
What the bill says
A bill FOR AN ACT Relating to economic development; creating new provisions; amending ORS 197A.250, 285B.626, 285C.067, 285C.160, 285C.162, 285C.175, 285C.403, 285C.405, 315.518, 315.519 and 315.522 and sections 8 and 12, chapter 298, Oregon Laws 2023; and prescribing an effective date.
From the introduced text, January 28, 2026:
A BILL FOR AN ACT Relating to economic development; creating new provisions; amending ORS 197A.250, 285B.626, 285C.067, 285C.160, 285C.162, 285C.175, 285C.403, 285C.405, 315.518, 315.519 and 315.522 and sections 8 and 12, chapter 298, Oregon Laws 2023; and prescribing an effective date. Be It Enacted by the People of the State of Oregon: SECTION 1. ORS 315.518 is amended to read: 315.518. (1) As used in this section[,]: (a) "Qualified alternative energy production company" means an entity whose primary business is to research, develop and manufacture devices that enable energy to be produced from renewable sources. (b) "Qualified biotechnology company" means an entity whose primary business is the use of cellular or biological processes to research, develop and manufacture new medicines or technologies to cure life-threatening diseases and illnesses. (c) "Qualified company" means a qualified alternative energy production company, a qualified biotechnology company or a qualified semiconductor company. (d) "Qualified semiconductor company" means an entity whose primary business is the research, design, development, fabrication, assembly, testing, packaging or validation of semiconductors, or an entity whose primary business is the creation of semiconductor manufacturing equipment, semiconductor core intellectual property or electronic design automation software that is primarily inmatter [italic and bracketed] is existing law to be omitted. New sections are in boldfaced type. LC SB 1586 tended for use in the semiconductor …
Sponsors
- Janeen Sollman (D, 15) · primary sponsor
- Mark Meek (D, 20) · primary sponsor
- Anthony Broadman (D, 27) · primary sponsor
- Richard Anderson (R, 5) · primary sponsor
- Kayse Jama (D, 24) · primary sponsor
- David Smith (R, 1) · primary sponsor
- Bruce Starr (R, 12) · primary sponsor
- Vikki Breese-Iverson (R, 59) · primary sponsor
- April Dobson (D, 39) · primary sponsor
- Paul Evans (D, 20) · primary sponsor
- Cyrus Javadi (R, 32) · primary sponsor
- Hai Pham (D, 36) · primary sponsor
Latest actions
- : In committee upon adjournment.
- : Public Hearing held.
- : Public Hearing held.
- : Public Hearing held.
- : Referred to Finance and Revenue.
- : Introduction and first reading. Referred to President's desk.
Common questions
- What is SB1586?
- SB1586 is a bill in the Oregon Legislature (2026 Legislative Measures): Relating to economic development; prescribing an effective date.
- What does SB1586 do?
- In its own words: A bill FOR AN ACT Relating to economic development; creating new provisions; amending ORS 197A.250, 285B.626, 285C.067, 285C.160, 285C.162, 285C.175, 285C.403, 285C.405, 315.518, 315.519 and 315.522 and sections 8 and 12, chapter 298, Oregon Laws 2023; and prescribing an effective date.
- What is the status of SB1586?
- Failed as of March 6, 2026. Latest action: In committee upon adjournment. (March 6, 2026).
- Who sponsored SB1586?
- Janeen Sollman (D, 15), with 11 co-sponsors.
- Where is the official record for SB1586?
- On the Oregon Legislature website: https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/1586
Source: official Oregon record. Tracked by Delilah, AI for legislation across all 50 states and Congress.