OR HB2913

Creates an income tax credit for individuals who donate to a 501(c)(3) military organization that contributes its financial resources to the Veterans' Educational Aid Account before dissolving

Credit equals 300% of the donation amount, capped at $40,000 per taxpayer; for donations after July 1, 2031, the cap drops to $30,000 with a reduced 150% rate on amounts donated after that date

Taxpayers may only claim the credit once and must obtain written certification from the Department of Veterans' Affairs to qualify

Unused credit may be carried forward for up to three succeeding tax years

Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032; takes effect on the 91st day following adjournment of the 2025 legislative session