Oregon 2025R1 Session Status: In Committee Bipartisan · 8 R · 3 D cosponsors

SB 587 — Creates Oregon corporate excise and income tax subtractions for amounts received in resolution of a civil action arising from wildfire.

Last action — In Senate Committee

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced June 02, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 62% · high confidence

  • In Committee

    Current position in the legislative process.

  • 12 sponsors

    2 primary, 10 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (8 R · 3 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Digest: Exempts awards from and legal fees paid in wildfire suits from corporate excise and income tax. (Flesch Readability Score: 76.5). 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.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 587 on the official Oregon source →

Action History

  1. In Senate Committee

Sponsors

Sponsorship breakdown

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2 sponsors · 10 co-sponsors · 78 not signed on

Sponsors (2)

Co-sponsors (10)

Not signed on (78)

78 members have not signed on to this bill.

Show all 78 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

taxation environment
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 587 do?
Digest: Exempts awards from and legal fees paid in wildfire suits from corporate excise and income tax. (Flesch Readability Score: 76.5). 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.
Who sponsors SB 587?
SB 587 is sponsored by Mark Meek (Democrat), Ed Diehl (Republican), Lucetta Elmer (Republican), David Gomberg (Democrat), Kevin Mannix (Republican), Daniel Nguyen (Democrat), Virgle Osborne (Republican), Anna Scharf (Republican), Boomer Wright (Republican), David Brock Smith (Republican), Bruce Starr (Republican), and Hoa Nguyen.
What is the current status of SB 587?
This bill is in committee in the Senate. Introduced June 02, 2025. It must pass committee before a floor vote.
Where can I track SB 587?
Track SB 587 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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