Bill > HB3430

This bill creates a $5,000 income tax credit for independent physicians practicing in Oregon, designed to support and incentivize medical professionals who own their own medical practice. An "independent physician" is defined as a Doctor of Medicine or Doctor of Osteopathic Medicine who owns all or part of a medical practice that is not a hospital and is entirely owned by physicians. To qualify for the credit, physicians must be licensed in Oregon, work at least 20 hours per week in their practice, and be willing to serve Medicare and medical assistance patients at rates proportional to the county's patient population (not exceeding 20% Medicare or 15% medical assistance patients). The Office of Rural Health will establish certification criteria for eligibility. The tax credit applies to tax years between January 1, 2026, and January 1, 2032, and can only be used to offset the taxpayer's current tax liability, with no ability to carry forward unused credits. For non-resident physicians, the credit will be prorated according to existing state tax laws. The bill aims to support independent medical practices, particularly in rural or underserved areas, by providing a financial incentive for physicians to maintain practices that serve diverse patient populations.

Health and Social Services

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3430