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OregonHB 20952025 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

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Donor tax credit extended, but still expires

Qualifying donations made before April 15, 2030, can earn an Oregon tax credit supporting low-income households' matched savings accounts. Donations must go through an approved organization that manages these accounts. The credit covers up to 90% of donations, with a $500,000 annual taxpayer cap and $7.5 million statewide cap across related credits. It cannot exceed Oregon tax owed; unused amounts carry forward for three years. Donors must add back the federal charitable deduction to Oregon taxable income when claiming the credit. No credit may be claimed for tax years starting January 1, 2030, or later.

Affordable housing lenders keep loan tax breaks

The law removes the January 1, 2026, loan cutoff, keeping tax credits available for new qualifying affordable-housing loans. The credit covers the gap between market and discounted finance charges, capped at 4% of the average unpaid loan balance. Eligible uses include housing for households at or below 80% of area median income, manufactured-home parks, and rent-assisted housing. State certification remains required, and financing savings must benefit tenants or cooperative members. Certification lasts up to 30 years for specified rent-assisted or USDA-backed projects and 20 years for other loans. The statewide limit remains $35 million in outstanding qualifying credits per fiscal year; unused credits carry forward for five years.

Chip companies gain another tax credit calculation

Qualified semiconductor companies gain another way to calculate Oregon's research tax credit: the federal alternative incremental method. Research must take place in Oregon and support a semiconductor-related business. The credit retains its 15% rate on qualifying increases and $4 million limit per taxpayer. Companies still need Oregon Business Development Department certification and any required approval. Part of the credit is refundable, and unused credits can carry forward for five tax years. Companies cannot also deduct the expenses covered by the credit.

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: 90 • No: 3

Senate vote • 6/17/2025

Third reading. Carried by Taylor. Passed.

Yes: 27 • No: 3

Senate vote • 6/11/2025

Finance and Revenue: Heard and Reported Out

Yes: 5 • No: 0

House vote • 5/29/2025

Third reading. Carried by Hudson. Passed.

Yes: 52 • No: 0

House vote • 5/20/2025

Revenue: Heard and Reported Out

Yes: 6 • No: 0

Actions Timeline

  1. Chapter 434, (2025 Laws): Effective date September 26, 2025.

    7/25/2025House

  2. Governor signed.

    6/26/2025House

  3. President signed.

    6/18/2025Senate

  4. Speaker signed.

    6/18/2025House

  5. Third reading. Carried by Taylor. Passed.

    6/17/2025Senate

  6. Second reading.

    6/16/2025Senate

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

    6/16/2025Senate

  8. Public Hearing and Work Session held.

    6/11/2025Senate

  9. Referred to Finance and Revenue.

    5/29/2025Senate

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

    5/29/2025Senate

  11. Third reading. Carried by Hudson. Passed.

    5/29/2025House

  12. Rules suspended. Carried over to May 29, 2025 Calendar.

    5/28/2025House

  13. Second reading.

    5/27/2025House

  14. Recommendation: Do pass with amendments and be printed A-Engrossed.

    5/23/2025House

  15. Work Session held.

    5/20/2025House

  16. Public Hearing held.

    5/13/2025House

  17. Public Hearing held.

    4/8/2025House

  18. Referred to Revenue.

    1/17/2025House

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

    1/13/2025House

Bill Text

  • HREV Amendment -2 (Adopted)

    5/20/2025

    PDF

  • HREV Amendment -2 (Proposed)

    5/13/2025

    PDF

  • A-Engrossed

    PDF

  • Enrolled

    PDF

  • House Amendments to Introduced

    PDF

  • Introduced

    PDF

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