Oregon legislation · 2026 Legislative Measures
Oregon HB4052: Relating to a tax credit for de novo banks; and prescribing an effective date.
Status: Chaptered, April 6, 2026
Digest: The Act makes a new tax credit for new banks. (Flesch Readability Score: 100.0). Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. Applies only to Oregon-chartered banks that commence business in tax years beginning on or after January 1, 2027, and before January 1, 2033. Takes effect on the 91st day following adjournment sine die.
What the bill says
From the enrolled text, March 4, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session House Bill 4052 Sponsored by Representatives RESCHKE, MARSH; Representatives BOWMAN, GOMBERG, HUDSON, LEVY B, LIVELY, SCHARF, SOSA, WALTERS, Senators DRAZAN, MEEK, SMITH DB (Presession filed.) CHAPTER ................................................. Relating to a tax credit for de novo banks; creating new provisions; amending ORS 314.772 and 318.031; and prescribing an effective date. SECTION 1. Section 2 of this 2026 Act is added to and made a part of ORS chapter 317. SECTION 2. (1) As used in this section: (a) "De novo bank" means a depository institution, as defined in 12 U.S.C. 1813(c), that: (A) Was first issued a charter or certificate of authority to conduct banking business and commenced business in this state during the current tax year or in either of the two immediately preceding tax years; and (B) Is chartered in Oregon. (b) "De novo bank" does not include a bank that is formed by, merged with or converted by a taxpayer that has filed a return under this chapter in any preceding tax year. (2) A credit against taxes that are otherwise due under this chapter is allowed to a taxpayer that is a de novo bank. (3) The credit allowed under this section shall be computed by determining the amount of tax that would otherwise be imposed on a de novo bank …
Sponsors
- Eric Reschke (R, 55) · primary sponsor
- Anna Scharf (R, 23)
- Christine Drazan (R, 51)
- David Smith (R, 1)
- Levy B (I)
- Pam Marsh (D, 5) · primary sponsor
- Nathan Sosa (D, 30)
- David Gomberg (D, 10)
- Benjamin Bowman (D, 25)
- Zachary Hudson (D, 49)
- John Lively (D, 7)
- Julianna Walters (D, 37)
Latest actions
- : Chapter 36, (2026 Laws): Effective date June 5, 2026.
- : Governor signed.
- : President signed.
- : Speaker signed.
- : Third reading. Carried by Drazan. Passed.
- : Second reading.
- : Recommendation: Do pass.
- : Public Hearing and Work Session held.
- : Referred to Finance and Revenue.
- : First reading. Referred to President's desk.
Votes
- Third reading. Carried by Drazan. Passed. (March 4, 2026): 30 yea, 0 nay, passed
- SFR Committee Vote (March 2, 2026): 4 yea, 0 nay, passed
- Third reading. Carried by Reschke. Passed. (February 24, 2026): 52 yea, 0 nay, passed
- HREV Committee Vote (February 18, 2026): 7 yea, 0 nay, passed
Common questions
- What is HB4052?
- HB4052 is a bill in the Oregon Legislature (2026 Legislative Measures): Relating to a tax credit for de novo banks; and prescribing an effective date.
- What does HB4052 do?
- Digest: The Act makes a new tax credit for new banks. (Flesch Readability Score: 100.0). Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. Applies only to Oregon-chartered banks that commence business in tax years beginning on or after January 1, 2027, and before January 1, 2033. Takes effect on the 91st day following adjournment sine die.
- What is the status of HB4052?
- Chaptered as of April 6, 2026. Latest action: Chapter 36, (2026 Laws): Effective date June 5, 2026. (April 6, 2026).
- Who sponsored HB4052?
- Eric Reschke (R, 55), with 11 co-sponsors.
- Where is the official record for HB4052?
- On the Oregon Legislature website: https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/4052
Source: official Oregon record. Tracked by Delilah, AI for legislation across all 50 states and Congress.