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OregonHB 20872025 Regular SessionHouseWALLET

Relating to revenue; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Signed by Governor

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Bill Overview

Analyzed Economic Effects

9 provisions identified: 8 benefits, 0 costs, 1 mixed.

Homebuyers get longer to open savings accounts

The deadline to open a qualifying first-time homebuyer savings account moves from before January 1, 2027, to before January 1, 2032. Account holders can subtract contributions up to $5,000 individually or $10,000 jointly from income taxed by Oregon. Account earnings are exempt from Oregon tax until withdrawal. Benefits last up to 10 years from the first account, with a $50,000 total limit on principal and earnings receiving benefits. Third-party depositors cannot claim these breaks, and the provisions apply to tax years starting before January 1, 2042.

More credits for development account donors

Donations through qualifying organizations supporting individual development accounts can earn nonrefundable Oregon credits worth up to 90% of the donation. The combined annual credit cap rises from $7.5 million to $7.7 million in 2025 and $8 million starting in 2026. The existing annual limit remains $500,000 per taxpayer, and federally deducted donations must be added back to Oregon taxable income. Donations must arrive before April 15, 2030; credits cannot be claimed for tax years starting on or after January 1, 2030. Claims are due no later than April 15 following the tax year.

Rural emergency volunteers get larger credits

Starting with tax years beginning January 1, 2026, eligible licensed emergency medical providers receive a $1,000 credit, up from $250. At least 20% of their total emergency medical services must be volunteer work in qualifying rural areas. These areas must be at least 25 miles from any city with 30,000 or more people. The Office of Rural Health must certify the service share, with required eligibility certifications issued before January 1, 2030. Nonresident credits are prorated.

Park tenants retain tax relief longer

The law continues a tax benefit tied to ending a household’s tenancy at a manufactured dwelling park. It covers tax years starting on or after January 1, 2007, and before January 1, 2032. The supplied provision does not state the benefit amount or full eligibility rules.

Existing tax benefits continue through 2031

The law continues the tax credits in ORS 315.266 and ORS 316.157 for tax years starting before January 1, 2032. It also continues two provisions from Oregon’s 2005 tax law for years starting January 1, 2006, through December 31, 2031. Their specified 2015 and 2021 amendments apply to tax years starting on or after January 1 of those respective years. The supplied provisions do not identify the benefits, eligible taxpayers, or amounts.

Film fund donors get higher credit caps

The annual cap for certified Oregon Production Investment Fund contributions rises to $20.6 million for the fiscal year starting July 1, 2025. It rises to $21.2 million for fiscal years starting July 1, 2026, or later. Credits are auctioned by April 15 after the contribution year, with a reserve price of at least 90% of credit value. Credits cannot exceed tax owed; unused amounts carry forward up to three years, and federally deducted contributions require an Oregon income addback. Taxpayers are ineligible when their first eligible tax year starts on or after January 1, 2030.

Growers get larger crop donation credits

For tax years starting in 2025, growers’ qualified crop donation credit rises from 15% to 25% of wholesale value. Donations must reach children or people who are homeless, unemployed, elderly, or low-income. Growers must keep recipient verification on the required form and submit a sworn statement and any required prior-buyer invoice. Unused credits carry forward three years, and nonresident credits are prorated. The credit continues for tax years starting before January 1, 2032; the historical exclusion for 2012 and 2013 remains.

More housing loans qualify lenders for credits

The law continues lender tax credits for loans made or modified starting January 1, 2026, and tax years starting then. Newly eligible loans include funds lending to first-time buyers with land trust mortgages and household incomes at or below 80% of area median income. Certified loans can also preserve or repair distressed housing serving households at or below that income limit. Credits cover below-market financing costs, capped annually at 4% of average unpaid loan balances and $35 million statewide. Credit terms reach 30 years for specified rent-assisted or USDA-financed housing and 20 years otherwise; unused credits carry forward five years.

Motor carrier rule stays until 2032

The law delays repeal of a motor carrier rule from January 1, 2026, to January 1, 2032. The existing rule stays in effect for six additional years. The supplied provision does not explain the rule’s requirements or financial effects.

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

  • HREV Amendment -2 (Adopted)

    6/24/2025

    PDF

  • HREV Amendment -1 (Proposed)

    3/11/2025

    PDF

  • A-Engrossed

    PDF

  • Enrolled

    PDF

  • House Amendments to Introduced

    PDF

  • Introduced

    PDF

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