KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Oregon

SB927 • 2025

Creates an income or corporate excise tax credit for the amount paid by an owner of an eligible generation facility for transmission services.

Creates an income or corporate excise tax credit for the amount paid by an owner of an eligible generation facility for transmission services.

Energy 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,, Meek
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. 2025-06-02 Senate

    Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)

  3. 2025-06-02 Senate

    Referred to Tax Expenditures by order of the President.

  4. 2025-05-28 Senate

    Work Session held.

  5. 2025-04-23 Senate

    Public Hearing held.

  6. 2025-01-21 Senate

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

  7. 2025-01-21 Senate

    Referred to Finance and Revenue.

Official Summary Text

Digest: Creates a tax credit for the amount paid for transmission services for solar or wind power or power storage. (Flesch Readability Score: 62.8).
Creates an income or corporate excise tax credit for the amount paid by an owner of an eligible generation facility for transmission services. Directs that the amount paid, for purposes of the tax credit, shall be calculated as the sum of amounts paid by the owner to the Bonneville Power Administration or an electric utility for up to 600 megawatts of the eligible generation facility's nameplate capacity and to other parties.
<b>Requires a taxpayer to first receive a final written certification from the State Department of Energy to claim the tax credit. Allows a taxpayer to apply for a preliminary certification of an eligible generation facility prior to, during or after construction of the facility.</b>
Applies to <b>all</b> tax years beginning on or after January 1, 2026[<i>, and to eligible generation facilities first placed in service on or after January 1, 2026, and before January 1, 2032</i>].
[<i>Takes effect on the 91st day following adjournment sine die.</i>].
Relating to: Relating to renewable energy.
Current location: In Senate Committee