OR SB93

Creates an Oregon tax subtraction allowing financial institutions to deduct interest income from qualified loans for agricultural real estate, rural residences, and coastal fishing boats from their federal taxable income

Exempts the same qualified interest income from Oregon's corporate activity tax by excluding it from the definition of commercial activity

Qualified agricultural real estate loans must have 5-40 year maturities, be secured by first lien (or second if institution holds first), and have balances under 85% of appraised value at origination

Rural residence loans must be for principal residences in USDA-defined rural areas outside metropolitan statistical areas or cities with fewer than 2,500 inhabitants

Coastal fishing boat loans must be made to Oregon residents, secured by the boat or fishing quota, and have balances under 85% of appraised value

Tax incentives apply to tax years beginning January 1, 2026 through January 1, 2032, with the Act taking effect 91 days after legislative adjournment