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HB2847 • 2025

Creates a subtraction from taxable income for start-up expenditures.

Creates a subtraction from taxable income for start-up expenditures.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Representative Evans
Last action
2025-06-27
Official status
In House Committee
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. 2025-06-27 House

    In committee upon adjournment.

  2. 2025-01-17 House

    Referred to Economic Development, Small Business, and Trade with subsequent referral to Revenue.

  3. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act makes a new tax subtraction for start-up expenditures. (Flesch Readability Score: 61.3).
Creates a subtraction from taxable income for start-up expenditures.
Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to subtractions for start-up expenditures; prescribing an effective date.
Current location: In House Committee