Oregon Bill Would Reboot R&D Credit for Semiconductor Makers

Semiconductor companies in Oregon would be eligible for a new tax credit for research and development expenses under a deal that the House approved Wednesday.

The bill (H.B. 2009) would reboot Oregon’s R&D credit to compete with other states and add to federal tax incentives from the CHIPS Act. A previous state version of the credit expired in 2017.

“It includes a really strong R&D tax credit that is designed to be competitive nationally and helpful for Oregon businesses who will be applying for the CHIPS Act and science grants,” Rep. Nancy Nathanson (D), co-chair ...