summary
Introduced
01/13/2025
01/13/2025
In Committee
05/28/2025
05/28/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act extends the sunset for the earned income tax credit. (Flesch Readability Score: 80.3). Extends the sunset for the earned income tax credit.
AI Summary
This bill extends the sunset date for the Earned Income Tax Credit (EITC) in Oregon from January 1, 2026 to January 1, 2032. The Earned Income Tax Credit is a refundable tax credit designed to provide financial support to low to moderate-income working individuals and families by reducing their tax burden or providing a cash refund. By pushing back the sunset date, the bill ensures that this tax credit will continue to be available to eligible taxpayers for an additional six years. The modification is a technical amendment to Oregon Revised Statutes (ORS) 315.266, which governs the application of the state's Earned Income Tax Credit. This extension will help maintain financial support for working families during the specified period, offering them continued tax relief and economic assistance.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
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