Oregon Amends Jobs Creation Tax Credit Legislation

The Oregon Governor signed a law creating a Joint Permitting Council to administer a fast-track permitting program. The law includes providing that if S.B. 1507 becomes law, amending the legislation to: 1) limit the tax credit for job creation to certain specified qualified industries; and 2) requiring a taxpayer seeking to claim the credit to receive an attestation-based certification from the Oregon Business Development Department. The law takes effect 91 days after adjournment sine die. [H.B. 4084, enacted 03/31/26]