OR HB2907

Creates an Oregon income tax credit for taxpayers who invest more than $20,000 in community gardens or food banks in a tax year, calculated at 30% of the amount exceeding $20,000

Defines "community garden" as public or private land available to the general public for noncommercial production of vegetables, fruits, herbs, flowers, nuts, poultry, or honey

Requires the Department of Revenue to adjust the $20,000 threshold annually for inflation beginning January 1, 2027, based on the U.S. City Average Consumer Price Index

Credit cannot exceed the taxpayer's total tax liability for the year; nonresidents may claim a prorated credit

Applies to tax years beginning on or after January 1, 2025, and takes effect on the 91st day following adjournment of the 2025 legislative session