· OR legislature · 2025R1

Relating to connection to federal tax allowing business deductions; prescribing an effective date.

Establishes December 21, 2017, as the connection date for the Internal Revenue Code sections governing bonus depreciation and deduction of net business interest. Allows full bonus depreciation in the first year of service and provides for the addition in later year of excess amounts subtracted from federal taxable i…

Sponsor

Werner Reschke (R-OR)

Introduced

2025-01-13

Policy area

Taxation

Latest action

In committee upon adjournment.