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HB3713 • 2025

Removes the 15-year limitation on the carryforward of net operating losses by corporate excise taxpayers.

Removes the 15-year limitation on the carryforward of net operating losses by corporate excise taxpayers.

Taxes
Passed Legislature

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

Sponsor
Representative Reschke
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. 2025-02-27 House

    Referred to Revenue.

  3. 2025-02-25 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act allows corporate NOLs to be carried forward to all tax years. (Flesch Readability Score: 61.3).
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 losses arising in tax years beginning on or after January 1, 2010.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to tax treatment of net losses; prescribing an effective date.
Current location: In House Committee