OR HB2235

Creates an income or corporate excise tax credit for small businesses (fewer than 50 full-time equivalent employees) that install or upgrade security alarm systems at Oregon business locations

Credit covers the installed price of new security alarm systems at premises lacking one, or where the existing system is more than 10 years old and has not been upgraded

Unused tax credits may be carried forward for up to three succeeding tax years but cannot exceed the taxpayer's tax liability in any given year

Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032

Takes effect on the 91st day following adjournment of the 2025 regular legislative session