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SB 656 Oregon Senate · 2025 Regular Session

Relating to energy; prescribing an effective date.

Summary
Creates an income tax credit for energy production in Oregon. Applies to tax years beginning on or after January 1, 2024. Establishes the Task Force on Free-Market Energy Production. Directs the task force to review existing laws related to energy production in Oregon to determine how to ensure all forms of energy production are regulated equally, based on scientific analysis of risks and rewards posed by each form of energy production. Sunsets the task force on January 2, 2027. Takes effect on the 91st day following adjournment sine die.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for energy producers, directly providing tax relief under Oregon's tax policy framework for qualifying energy production.95% confidence ✓ EnergySupports EnergyCreates income tax credit for energy production, promoting financial incentives for energy development without fossil fuel bias, aligning with renewable energy support indicators.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
2
Jun 28, 2025
Upper · Passed
In committee upon adjournment.
upper
Jan 17, 2025
Committee
Referred to Finance and Revenue, then Tax Expenditures.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
2 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Daniel Bonham
Daniel Bonham
RRepublican
OR
26
P
Photo of Noah Robinson
Noah Robinson
RRepublican
OR
2