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OR HB3713
Bill
Status
6/27/2025
Primary Sponsor
Werner Reschke
Click for details
AI Summary
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Removes the current 15-year limitation on carryforward of net operating losses (NOLs) for corporate excise taxpayers, allowing losses to be carried forward indefinitely to any succeeding tax year
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Caps the net operating loss deduction at 95 percent of taxable income in any given tax year
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Applies to Oregon taxable income for tax years beginning on or after January 1, 2026, with retroactive application to net losses arising in tax years beginning on or after January 1, 2010
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Maintains the existing exclusion preventing real estate investment trusts (REITs) from claiming the NOL deduction
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Takes effect on the 91st day following adjournment of the 2025 regular legislative session
Legislative Description
Relating to tax treatment of net losses; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025