Bill > HB2098

This bill extends the sunset date for a tax credit related to pension income from January 1, 2026 to January 1, 2032. Specifically, the bill amends a previous law that provides a tax credit under Oregon Revised Statutes (ORS) 316.157, which allows taxpayers to claim a credit for certain pension income. By pushing the sunset date forward by six years, the bill ensures that taxpayers can continue to claim this pension income tax credit for a longer period. The extension gives individuals who receive pension income additional time to benefit from this tax credit, which likely provides some financial relief for retirees or those receiving pension payments. The bill is a straightforward legislative action to maintain an existing tax benefit for a specified group of taxpayers.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2098