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OregonHB 20952025 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

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

IDA donation credit ends in 2030

The IDA donation tax credit is not allowed for tax years that begin on or after January 1, 2030. To claim the credit, donations must be made before April 15, 2030. After that date, new donations do not qualify for this credit.

Oregon tax credit for semiconductor research

Qualified semiconductor companies can claim a state income tax credit equal to 15% of increased, in‑Oregon research and basic research spending. The credit is capped at $4,000,000 per taxpayer each year. You must get Oregon Business Development Department approval and certification before you claim it. You cannot also deduct the part of expenses you use for this credit. Unused credit carries forward for up to five later tax years. For corporations, the refundable part can reduce the minimum tax to $0, and any extra is refunded under state rules. The revenue department may require reports, and the business development director can suspend or revoke a credit.

Tax credit for affordable housing loans

Lenders get a tax credit when they make certified qualified loans at below‑market rates for affordable housing. The credit equals the shortfall in finance charges, but cannot exceed 4% of the loan’s average unpaid balance for that year. Loans must be certified by Housing and Community Services and target uses like homes for households at or below 80% of area median income, rent‑restricted preservation, and certain manufactured home parks. The statewide program is capped so outstanding credits do not exceed $35 million each fiscal year, and certifications are spread statewide and focused on greatest need. The prior rule that loans had to be made before January 1, 2026 is removed. Unused credits from this program can be carried forward for up to three later tax years.

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

  • Enrolled

    6/17/2025

    PDF

  • A-Engrossed

    5/23/2025

    PDF

  • House Amendments to Introduced

    5/23/2025

    PDF

  • HREV Amendment -2 (Adopted)

    5/20/2025

    PDF

  • HREV Amendment -2 (Proposed)

    5/13/2025

    PDF

  • Introduced

    1/10/2025

    PDF

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