Relating to a tax credit for de novo banks; and prescribing an effective date.

Summary

The bill gives newly chartered, Oregon‑based de novo banks a tax credit of up to $1 million per year for the first three tax years they operate. The credit can be carried forward if not fully used, and banks must prove they have a state charter and authority to do business. It also updates other tax‑credit statutes to include this new credit and clarifies how credits affect S‑corporation shareholders.

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