HB4052Introduced in the House
Relating to a tax credit for de novo banks; and prescribing an effective date.
Introduced by Werner Reschke, District 55
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Chapter 36, (2026 Laws): Effective date June 5, 2026.
April 6, 2026
How did lawmakers vote?
House votes
2 recorded votes · each counted separately
Senate votes
2 recorded votes · each counted separately
SenateStage: Senate Third Reading · March 4, 2026
30
Yes
0
No
0
Absent or Not Voting
30 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| David Smith | 1 | Yes |
| Noah Robinson | 2 | Yes |
| Jeffrey Golden | 3 | Yes |
| Floyd Prozanski | 4 | Yes |
| Richard Anderson | 5 | Yes |
| Cedric Hayden | 6 | Yes |
| James Manning | 7 | Yes |
| Sara Gelser Blouin | 8 | Yes |
| Fred Girod | 9 | Yes |
| Deb Patterson | 10 | Yes |
Bill history
First reading. Referred to Speaker's desk.
Referred to Revenue.
Public Hearing held.
Work Session held.
Recommendation: Do pass.
Second reading.
Carried over to February 24, 2026 Calendar by virtue of adjournment.
Third reading. Carried by Reschke. Passed. Ayes, 52; Excused, 6--Boshart Davis, Chaichi, Hartman, Osborne, Scharf, Valderrama; Excused for Business of the House, 2--Diehl, Harbick.
First reading. Referred to President's desk.
Referred to Finance and Revenue.
Public Hearing and Work Session held.
Recommendation: Do pass.
Second reading.
Third reading. Carried by Drazan. Passed. Ayes, 30.
Speaker signed.
President signed.
Governor signed.
Chapter 36, (2026 Laws): Effective date June 5, 2026.
Verify the information
- Official page on the Oregon Legislature website
- Open Government Impact (supplement)
- Preliminary SMS (supplement)
- Meeting Material (supplement)
- Revenue Impact (supplement)
- Fiscal Impact (supplement)
- Revenue Impact Statement (supplement)
- Preliminary SMS (supplement)
- Fiscal Impact Statement (supplement)
- Staff Summary (supplement)
- Preliminary SMS (supplement)
- Revenue Impact Statement (supplement)
- Fiscal Impact Statement (supplement)
- Staff Summary (supplement)
- Witness Registration (supplement)
- Introduced (text)
- Enrolled (text)
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