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SB656 • 2025

Creates an income tax credit for energy production in Oregon.

Creates an income tax credit for energy production in Oregon.

Energy Taxes
Passed Legislature

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

Sponsor
Senator Bonham,, Robinson
Last action
2025-06-27
Official status
In Senate 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 Senate

    In committee upon adjournment.

  2. 2025-01-17 Senate

    Referred to Finance and Revenue, then Tax Expenditures.

  3. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: Creates an income tax credit for a person who makes energy in Oregon. (Flesch Readability Score: 63.4).
Creates an income tax credit for energy production in Oregon. Applies to tax years beginning on or after January 1, 2024.
Establishes the Task Force on Free-Market Energy Production. Directs the task force to review existing laws related to energy production in Oregon to determine how to ensure all forms of energy production are regulated equally, based on scientific analysis of risks and rewards posed by each form of energy production. Sunsets the task force on January 2, 2027.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to energy; prescribing an effective date.
Current location: In Senate Committee