Oregon · 2025 Regular Session · Bill
HB 2197: Relating to tax incentives for financial institution lending in rural areas; prescribing an effective date.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 2197 is a bill introduced in the Oregon House on January 13, 2025. According to its official title, it concerns: Relating to tax incentives for financial institution lending in rural areas; prescribing an effective date. Primary sponsor: Werner Reschke (Republican), Gregory Smith. It lists 2 additional sponsors. Most recent recorded action (June 28, 2025): In committee upon adjournment.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Creates Oregon tax subtraction for interest received by financial institutions from loans made for purchase or improvement of agricultural real estate, rural residences and coastal fishing boats. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032. Exempts from commercial activity subject to corporate activity tax interest received by financial institutions from loans made for purchase or improvement of agricultural real estate, rural residences and coastal fishing boats. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.
Sponsors
Sponsors by party (alphabetical): Republican 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Werner Reschke | Primary sponsor | Republican | House | 55 |
| Gregory Smith | Primary sponsor | Not applicable (committee) | — | — |
| Bobby Levy | Co-sponsor | Republican | House | 58 |
| Anna Scharf | Co-sponsor | Republican | House | 23 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- In committee upon adjournment.
- Informational Meeting held.
- Public Hearing held.
- Referred to Revenue.
- First reading. Referred to Speaker's desk.