Oregon Governor Restarts R&D Credit for Semiconductors (Correct)

Oregon Gov. Tina Kotek signed a bill Tuesday creating a new research and development tax credit aimed at semiconductor manufacturers.

The Democratic governor’s action on the bill (H.B. 2009) makes the credit available for 2024-2029. A previous state-level R&D credit expired in 2017.

• Lawmakers said the bill would help Oregon compete with other states and add to federal tax incentives from the federal CHIPS Act.
• Employers are eligible for a credit equal to 15% of qualified expenses, up to $4 million. Total funding for credit claims is capped at $35 million for 2023-25, then at higher amounts ...