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OregonHB 20872025 Regular SessionHouseWALLET

Relating to revenue; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Became Law

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Bill Overview

Analyzed Economic Effects

9 provisions identified: 5 benefits, 0 costs, 4 mixed.

Home buyer savings break lasts longer

You can open a first-time home buyer savings account before January 1, 2032 and get a state tax break. You may subtract up to $5,000 per year if single or $10,000 if married filing jointly. Earnings in the account are tax-exempt, and you have up to 10 years to claim the subtraction. The account’s total principal plus earnings cannot exceed $50,000. These rules apply to tax years beginning 2019 through 2041.

More film contribution tax credits

For the fiscal year July 1, 2025 through June 30, 2026, the certified pool of film contribution credits is $20.6 million. Starting July 1, 2026, the pool is $21.2 million each year.

More tax help for rural EMS and providers

The law raises the EMS volunteer tax credit to $1,000. You must be licensed as an EMS provider and have at least 20% of your EMS work as rural volunteer service certified by the Office of Rural Health. The higher amount applies to tax years beginning on or after January 1, 2026. Also, Office of Rural Health certifications dated on or after January 1, 2006 stay effective through before January 1, 2030 for the related rural provider credit.

New housing-loan credit for lenders

Starting with tax years that begin on or after January 1, 2026, more loans can qualify for the lending‑institution housing tax credit. Loans from a qualified mortgage loan fund for first-time buyers, land‑trust homes, or households at or below 80% of area median income can count. Loans for rent‑assisted housing with rents capped at 30% of income for households at or below 80% of area median income can also count. The Housing and Community Services Department must certify eligible loans. The 2021 rules for this credit continue to apply for tax years beginning on or after January 1, 2022.

Bigger IDA donor credits until 2030

The state raises the total pool of IDA donor credits to $7.7 million for tax years starting in 2025. Starting in 2026, the pool is $8.0 million each year. No credits are allowed for tax years beginning on or after January 1, 2030. To qualify at the end, donations must be made by April 15, 2030.

Bigger farm donation credit; ends 2032

For tax years starting on or after January 1, 2025, growers who donate crops get a credit equal to 25% of wholesale value. Keep the recipient’s form and an invoice or statement. You can carry unused credit forward for up to three years. You cannot claim this credit for tax years starting on or after January 1, 2032.

Longer tax relief for displaced park tenants

If your household ended tenancy at a manufactured dwelling park in a tax year that starts on or after January 1, 2007 and before January 1, 2032, Oregon’s special tax rule applies. This extends the years covered by that rule.

Longer timelines for some Oregon tax credits

Oregon extends some older tax rules through tax years starting before January 1, 2032, including ORS 315.266 and rules tied to a 2005 law (sections 6 and 9). A different credit (ORS 316.157) cannot be claimed for tax years starting on or after January 1, 2032. These changes only matter if you already use those specific provisions.

Repeal date for one law moved to 2032

The state delays the repeal of one law from January 1, 2026 to January 1, 2032. This change only shifts timing and does not change the rule’s content.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 91 • No: 0

Senate vote • 6/27/2025

Rules: Heard and Reported Out

Yes: 5 • No: 0

Senate vote • 6/27/2025

Rules suspended. Third reading. Carried by Jama. Passed.

Yes: 29 • No: 0

House vote • 6/26/2025

Third reading. Carried by Nathanson. Passed.

Yes: 50 • No: 0

House vote • 6/24/2025

Revenue: Heard and Reported Out with Amendments

Yes: 7 • No: 0

Actions Timeline

  1. Chapter 562, (2025 Laws): Effective date September 26, 2025.

    8/13/2025House

  2. Governor signed.

    7/24/2025House

  3. President signed.

    6/30/2025Senate

  4. Speaker signed.

    6/30/2025House

  5. Rules suspended. Third reading. Carried by Jama. Passed.

    6/27/2025Senate

  6. Second reading.

    6/27/2025Senate

  7. Recommendation: Do pass the A-Eng. bill.

    6/27/2025Senate

  8. Public Hearing and Work Session held.

    6/27/2025Senate

  9. Referred to Rules.

    6/26/2025Senate

  10. First reading. Referred to President's desk.

    6/26/2025Senate

  11. Third reading. Carried by Nathanson. Passed.

    6/26/2025House

  12. Potential conflict(s) of interest declared by Hartman.

    6/26/2025House

  13. Second reading.

    6/25/2025House

  14. Subsequent referral to Ways and Means rescinded by order of the Speaker.

    6/25/2025House

  15. Recommendation: Do pass with amendments, be printed A-Engrossed, and subsequent referral to Ways and Means be rescinded.

    6/25/2025House

  16. Work Session held.

    6/24/2025House

  17. Public Hearing held.

    3/11/2025House

  18. Referred to Revenue with subsequent referral to Ways and Means.

    1/17/2025House

  19. First reading. Referred to Speaker's desk.

    1/13/2025House

Bill Text

  • Enrolled

    6/28/2025

    PDF

  • A-Engrossed

    6/25/2025

    PDF

  • House Amendments to Introduced

    6/25/2025

    PDF

  • HREV Amendment -2 (Adopted)

    6/24/2025

    PDF

  • HREV Amendment -1 (Proposed)

    3/11/2025

    PDF

  • Introduced

    1/10/2025

    PDF

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