Bill > SB121

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 tax benefit designed to provide financial support to low to moderate-income working individuals and families by reducing their tax liability or providing a refundable credit. By pushing back the sunset date, the bill ensures that this tax credit will continue to be available to eligible Oregonians for an additional six years, helping to support lower-income workers and potentially stimulate economic activity by providing more disposable income to those who qualify. The bill makes a simple but significant amendment to existing Oregon law, specifically modifying Section 6 of a previous legislative chapter to update the expiration date of the tax credit program.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB121