Oregon legislation · 2025 Legislative Measures
Oregon HB2958: Relating to earned income tax credits; prescribing an effective date.
Status: Failed, June 27, 2025
Digest: The Act modifies the earned income tax credit and extends the sunset for the credit. (Flesch Readability Score: 67.5). Increases the amount of the earned income tax credit. [ Provides that a credit is available to all adults, including childless adults, over 18. ] Provides that the credit may be paid quarterly, in advance, and is not subject to garnishment. Applies to tax years beginning on or after January 1, 2026. Extends the sunset for the credit. Takes effect on the 91st day following adjournment sine die.
What the bill says
A bill FOR AN ACT Relating to earned income tax credits; creating new provisions; amending ORS 18.345, 18.845 and 315.266 and section 6, chapter 880, Oregon Laws 2007; and prescribing an effective date.
From the engrossed text, May 29, 2025:
A BILL FOR AN ACT Relating to earned income tax credits; creating new provisions; amending ORS 18.345, 18.845 and 315.266 and section 6, chapter 880, Oregon Laws 2007; and prescribing an effective date. Be It Enacted by the People of the State of Oregon: SECTION 1. ORS 315.266 is amended to read: 315.266. (1)(a) In addition to any other credit available for purposes of ORS chapter 316, an eligible resident individual shall be allowed a credit against the tax otherwise due under ORS chapter 316 for the tax year in an amount equal to [nine] 20 percent of the earned income credit allowable to the individual for the same tax year under section 32 of the Internal Revenue Code. (b) Notwithstanding paragraph (a) of this subsection, for a taxpayer with a dependent under the age of three at the close of the tax year, the credit allowed under this section shall be in an amount equal to [12] 25 percent of the earned income credit allowable to the individual for the same tax year under section 32 of the Internal Revenue Code. (2) A resident individual may claim a credit under this section, using either a Social Security number or an individual taxpayer identification number, if, but for section 32(m) of the Internal Revenue Code, the individual would otherwise be …
Sponsors
- Ricardo Ruiz (D, 50) · primary sponsor
- Gregory Smith (R, 57) · primary sponsor
- Wlnsvey Campos (D, 18) · primary sponsor
- David Gomberg (D, 10)
- Jeffrey Golden (D, 3)
- Chris Gorsek (D, 25)
- Mark Meek (D, 20)
- Lisa Reynolds (D, 17)
- Willy Chotzen (D, 46)
- Hai Pham (D, 36)
- Zachary Hudson (D, 49)
- Mark Gamba (D, 41)
Latest actions
- : In committee upon adjournment.
- : Referred to Tax Expenditures by order of Speaker.
- : Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Tax Expenditures.
- : Work Session held.
- : Public Hearing held.
- : Referred to Revenue.
- : First reading. Referred to Speaker's desk.
Votes
- HREV Committee Vote (May 22, 2025): 6 yea, 0 nay, passed
Subjects: Tax Expenditures, Revenue
Common questions
- What is HB2958?
- HB2958 is a bill in the Oregon Legislature (2025 Legislative Measures): Relating to earned income tax credits; prescribing an effective date.
- What does HB2958 do?
- In its own words: A bill FOR AN ACT Relating to earned income tax credits; creating new provisions; amending ORS 18.345, 18.845 and 315.266 and section 6, chapter 880, Oregon Laws 2007; and prescribing an effective date.
- What is the status of HB2958?
- Failed as of June 27, 2025. Latest action: In committee upon adjournment. (June 27, 2025).
- Who sponsored HB2958?
- Ricardo Ruiz (D, 50), with 11 co-sponsors.
- Where is the official record for HB2958?
- On the Oregon Legislature website: https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/2958
Source: official Oregon record. Tracked by Delilah, AI for legislation across all 50 states and Congress.