OR SB781

When a credit union purchases or acquires assets from a banking institution, receipts from the acquired business portfolio remain subject to corporate excise tax (ORS chapter 317) and corporate activity tax (ORS 317A.100 to 317A.158)

"Business portfolio" is defined as loans made to businesses and services provided to businesses

Applies only to transactions that close on or after the effective date of the Act

Sponsored by Senator Nash and Representatives Levy B and Smith G as a presession filing for the 2025 Regular Session