SB1205 • 2025

Extends the sunset for the personal income tax subtraction for amounts received in resolution of a civil action arising from wildfire.

Taxes

Passed Legislature

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

Sponsor: Senator Smith DB
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Extends the sunset for the personal income tax subtraction for amounts received in resolution of a civil action arising from wildfire.

Digest: The Act extends the sunset for the tax subtraction for awards from wildfire lawsuits.

What This Bill Does

Digest: The Act extends the sunset for the tax subtraction for awards from wildfire lawsuits.
(Flesch Readability Score: 65.7).
Extends the sunset for the personal income tax subtraction for amounts received in resolution of a civil action arising from wildfire.
Relating to: Relating to tax subtractions for amounts received in wildfire litigation.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-04-14 Senate
Public Hearing held.
2025-04-08 Senate
Introduction and first reading. Referred to President's desk.
2025-04-08 Senate
Referred to Finance and Revenue.

Official Summary Text

Digest: The Act extends the sunset for the tax subtraction for awards from wildfire lawsuits. (Flesch Readability Score: 65.7).
Extends the sunset for the personal income tax subtraction for amounts received in resolution of a civil action arising from wildfire.
Relating to: Relating to tax subtractions for amounts received in wildfire litigation.
Current location: In Senate Committee

Current Bill Text

Read the full stored bill text

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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Senate Bill 1205
Sponsored by Senator SMITH DB
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure as introduced. The statement includes a measure digest written in compliance with applicable readability
standards.
Digest: The Act extends the sunset for the tax subtraction for awards from wildfire lawsuits.
(Flesch Readability Score: 65.7).
Extends the sunset for the personal income tax subtraction for amounts received in resolution
of a civil action arising from wildfire.
A BILL FOR AN ACT
Relating to tax subtractions for amounts received in wildfire litigation; amending section 4, chapter
50, Oregon Laws 2024.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
Section 4, chapter 50, Oregon Laws 2024, is amended to read:
Sec. 4. (1) Section 2 [ of this 2024 Act ], chapter 50, Oregon Laws 2024, applies to declarations
and executive orders issued on or after January 1, 2018, and before January 1, [ 2026] 2028, and,
notwithstanding ORS 315.037, to amounts received in all tax years beginning on or after January
1, 2018.
(2) Section 3 [ of this 2024 Act ], chapter 50, Oregon Laws 2024, applies to:
(a) Declarations and executive orders issued on or after January 1, 2018, and before January
1, 2026; and
(b) Notwithstanding ORS 315.037, losses incurred and legal fees paid or incurred in all tax years
beginning on or after January 1, 2018.
NOTE: Matter in boldfaced type in an amended section is new; matter [ italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 4824