· OR legislature · 2025R1

Relating to tax treatment of net losses; prescribing an effective date.

Removes the 15-year limitation on the carryforward of net operating losses by corporate excise taxpayers. Limits the net operation loss deduction to 95 percent of taxable income in a tax year. Applies to the determination of Oregon taxable income for all tax years beginning on or after January 1, 2026, and to net lo…

Sponsor

Werner Reschke (R-OR)

Introduced

2025-02-25

Policy area

Taxation

Latest action

In committee upon adjournment.