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HB2095 • 2025

Modifies the tax credit for research conducted by a semiconductor company.

Modifies the tax credit for research conducted by a semiconductor company.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action
2025-07-25
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-07-25 House

    Chapter 434, (2025 Laws): Effective date September 26, 2025.

  2. 2025-06-26 House

    Governor signed.

  3. 2025-06-18 House

    Speaker signed.

  4. 2025-06-18 Senate

    President signed.

  5. 2025-06-17 Senate

    Third reading. Carried by Taylor. Passed. Ayes, 27; Nays, 3--Linthicum, Robinson, Thatcher.

  6. 2025-06-16 Senate

    Recommendation: Do pass the A-Eng. bill.

  7. 2025-06-16 Senate

    Second reading.

  8. 2025-06-11 Senate

    Public Hearing and Work Session held.

  9. 2025-05-29 House

    Third reading. Carried by Hudson. Passed. Ayes, 52; Excused, 7--Diehl, Evans, Gamba, Levy B, Nguyen H, Wallan, Watanabe.

  10. 2025-05-29 Senate

    First reading. Referred to President's desk.

  11. 2025-05-29 Senate

    Referred to Finance and Revenue.

  12. 2025-05-28 House

    Rules suspended. Carried over to May 29, 2025 Calendar.

  13. 2025-05-27 House

    Second reading.

  14. 2025-05-23 House

    Recommendation: Do pass with amendments and be printed A-Engrossed.

  15. 2025-05-20 House

    Work Session held.

  16. 2025-05-13 House

    Public Hearing held.

  17. 2025-04-08 House

    Public Hearing held.

  18. 2025-01-17 House

    Referred to Revenue.

  19. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

<b>Digest: The Act makes technical fixes to some tax statutes. (Flesch Readability Score: 75.5).</b>
[<i>Digest: The Act makes a fix to the tax credit for semiconductor research. (Flesch Readability Score: 67.7).</i>]
Modifies the tax credit for research conducted by a semiconductor company. Omits an obsolete provision concerning the election of alternative incremental credit under related federal law.<b> Aligns dates in tax credit provisions with underlying sunset dates for credits.</b>
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to revenue; and prescribing an effective date.
Current location: Chapter Number Assigned