OR HB2271

Employers whose unemployment insurance tax rate for 2025 is at least 2.5 percentage points lower than their 2024 rate qualify for a nonrefundable tax credit

Credit amount equals the lesser of the employer's 2025 taxes due or $5,000, with no credit allowed if the amount would be less than $100

Eligibility limited to employers who had experience-rated tax rates in 2020 and were not assigned rates under ORS 657.480 for any year beginning January 1, 2021 or later

Employers must file all wage reports and pay all tax liabilities for 2024-2025 on time, and have no outstanding unemployment insurance debts as of January 1, 2025 (or be current on an approved payment plan)

The tax credit provision automatically repeals on January 2, 2027