Bill > HB2525

This bill increases the tax credit for political contributions by raising the maximum allowable amount for taxpayers who make monetary donations to political parties, candidates, or political committees. Specifically, the bill increases the tax credit from $50 to $250 for individual returns and from $100 to $500 for joint returns. Taxpayers can claim this credit if their federal adjusted gross income does not exceed $75,000 for individual returns or $150,000 for joint returns. To claim the credit, taxpayers must submit official receipts from the recipient of the contribution with their tax return. The change applies to tax years beginning on or after January 1, 2025, and before January 1, 2028, and the bill will take effect 91 days after the 2025 regular legislative session adjourns. The bill aims to encourage political participation by making political contributions more financially attractive through a more generous tax credit.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2525