OR HB2095

Removes the January 1, 2026 sunset date for the affordable housing lender's tax credit (ORS 317.097), allowing lending institutions to continue claiming credits for below-market-rate loans that finance housing for households earning 80% or less of area median income

Extends the Individual Development Account (IDA) tax credit program from its previous April 15, 2028 donation deadline to April 15, 2030, with credits capped at $7.5 million total and $500,000 per taxpayer annually

Eliminates reference to the alternative incremental credit under IRC Section 41(c)(4) for the semiconductor research tax credit, which had already been repealed federally

Maintains the $4 million maximum credit cap for qualified semiconductor company research expenses and the $35 million annual cap for affordable housing loan certifications

Takes effect on the 91st day after the 2025 legislative session adjourns