Oregon · 2025 Regular Session · Bill
SB 587: Relating to an income tax subtraction for amounts received in wildfire litigation; 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
SB 587 is a bill introduced in the Oregon Senate on January 13, 2025. According to its official title, it concerns: Relating to an income tax subtraction for amounts received in wildfire litigation; prescribing an effective date. Primary sponsor: Mark Meek (Democratic), Ed Diehl (Republican). It lists 10 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 corporate excise and income tax subtractions for amounts received in resolution of a civil action arising from wildfire. Creates Oregon corporate excise and income tax subtractions for wildfire-related legal fees paid by plaintiffs. Allows a taxpayer to amend a return to claim a refund for earliest tax year in which subtraction is allowed. Applies to declarations and executive orders issued on or after January 1, 2018, and before January 1, 2026, and to amounts received, losses incurred and legal fees paid in tax years beginning on or after January 1, 2018. Takes effect on the 91st day following adjournment sine die.
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Republican 8
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mark Meek | Primary sponsor | Democratic | Senate | 20 |
| Ed Diehl | Primary sponsor | Republican | House | 17 |
| Lucetta Elmer | Co-sponsor | Republican | House | 24 |
| David Gomberg | Co-sponsor | Democratic | House | 10 |
| Kevin Mannix | Co-sponsor | Republican | House | 21 |
| Daniel Nguyen | Co-sponsor | Democratic | House | 38 |
| Hoa Nguyen | Co-sponsor | Not applicable (committee) | — | — |
| Virgle Osborne | Co-sponsor | Republican | House | 2 |
| Anna Scharf | Co-sponsor | Republican | House | 23 |
| David Smith | Co-sponsor | Republican | Senate | 1 |
| Bruce Starr | Co-sponsor | Republican | Senate | 12 |
| Boomer Wright | Co-sponsor | Republican | House | 9 |
“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.
- Public Hearing held.
- Referred to Tax Expenditures by order of the President.
- Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)
- Work Session held.
- Public Hearing held.
- Referred to Finance and Revenue.
- Introduction and first reading. Referred to President's desk.