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Bill

HB 2847

Relating to subtractions for start-up expenditures; prescribing an effective date.

2025 Regular Session Introduced by Paul Evans

Oregon bill allowing businesses to deduct start-up expenditures from taxable income to incentivize new business formation while reducing early-stage tax burden.

In committee upon adjournment.
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Bill Summary · HB 2847

Legislative bill overview

HB 2847 proposes to allow tax deductions for start-up expenditures in Oregon, likely enabling new businesses to subtract qualifying costs from their taxable income. The bill has been referred to both Economic Development and Revenue committees, indicating it involves both business incentives and tax code modifications.

Why is this important

Start-up deductions can reduce the tax burden on new entrepreneurs during critical early-stage operations, potentially improving business formation rates and economic development. However, this comes with trade-offs regarding state tax revenue and which types of businesses or expenditures qualify for benefits.

Potential points of contention

  • Revenue impact: Tax deductions reduce state income, creating fiscal concerns that must be offset elsewhere or affect the overall budget
  • Definition scope: Disputes over which expenditures qualify (e.g., equipment, wages, marketing, office space) and which businesses are eligible
  • Equity concerns: Questions about whether the benefit disproportionately helps certain industries or founders with capital access, versus benefiting all startup types equally

Compiled from official sources — confirm details with the bill’s official record.

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