Oregon PTET 2026: deadline, rate, who can elect
Oregon (OR), tax year 2026, from the same rules the connector returns. Last verified October 24, 2026.
Informational. Not tax advice.
Elective PTET
Yes
For tax years beginning on or after January 1, 2022, an S corporation or partnership may elect the pass-through entity elective tax. Senate Bill 1510 in the 2026 session extends the program through years beginning before January 1, 2028.
Who can elect
Entities taxed as S corporations and partnerships.
The page states those entities and qualifying members who receive the credit.
How the election is made
Elect each year by filing Form OR-21 electronically, through Revenue Online or approved software, by the due date including extensions. A return filed after that date is not accepted, and no election is made.
The entity must file before it issues Form OR-21-K-1.
Election deadline
The due date of Form OR-21, including extensions. The page says returns are due April 15, or October 15 if an extension is requested.
Returns are filed on a calendar-year basis.
Rate
9 percent on the first $250,000 of distributive proceeds and 9.9 percent on the amount above $250,000.
The page states that rate for years beginning on or after January 1, 2022.
Owner relief
A qualifying member may claim a credit for the tax paid by the entity on that member's distributive proceeds.
The credit depends on a timely Form OR-21 and the OR-21-K-1 issued after the entity return is filed.
Estimates
Generally April 15, June 15, September 15, and January 15 after the tax year. For tax year 2026 only, the first and second quarterly payments are both due June 15. Underpayment interest is not charged if the entity timely pays at least 90 percent of the tax expected on the return.
The page says estimates are required when the entity will owe tax, and it gives the 90 percent installment example.
Sunset or repeal
Senate Bill 1510 extends the program through tax years beginning before January 1, 2028. The page also says the law expires if the federal SALT deduction limitation expires or is repealed.
Both limits are stated on the Department page.
Sources for this year
Bonus-depreciation conformity is on its own page.