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OR HB2525

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Paul Evans

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Increases the maximum personal income tax credit for political contributions from $100 to $500 on joint returns and from $50 to $250 on all other returns
  • Eligible contributions include donations to major or minor political parties, candidates for federal, state, or local office, and registered political committees
  • Taxpayers with federal adjusted gross income exceeding $150,000 (joint) or $75,000 (other returns) are ineligible for the credit
  • Applies to tax years beginning on or after January 1, 2025, and before January 1, 2028
  • Takes effect on the 91st day following adjournment sine die of the 2025 legislative session

Legislative Description

Relating to a tax credit for political contributions; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Rules1/17/2025

Full Bill Text

No bill text available