OR HB2087

Increases the crop donation tax credit from 15% to 25% of wholesale market value for growers who donate crops to organizations serving children, homeless, unemployed, elderly, or low-income individuals, effective for tax years beginning January 1, 2025

Extends sunset dates from January 1, 2026 to January 1, 2032 for multiple tax credits including: employer-provided dependent care assistance, manufactured dwelling park tenant relocation, rural volunteer emergency medical services providers, and affordable housing lender credits

Increases the rural volunteer emergency medical services provider tax credit from $250 to $1,000 for licensed providers who deliver at least 20% of their services in rural areas (25+ miles from cities over 30,000 population), effective January 1, 2026

Raises annual caps on individual development account (IDA) donation tax credits from $7.5 million to $7.7 million for 2025, then to $8 million for 2026 and beyond, and increases Oregon Production Investment Fund tax credit caps from $20 million to $20.6 million then $21.2 million

Extends the first-time home buyer savings account program from 2027 to 2032 for new account openings and from 2037 to 2042 for overall program applicability, allowing tax-free savings up to $50,000 over 10 years