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OR HB3427
Bill
Status
Failed
6/27/2025
Primary Sponsor
Court Boice
Click for details
AI Summary
- Creates an Oregon personal income tax subtraction allowing taxpayers with three or more dependent children under age 18 to subtract their entire federal taxable income from state taxes
- Applies only to joint filers or surviving spouses who claim at least three qualifying children as defined by IRS Code section 152(c)(1)
- Effective for tax years beginning on or after January 1, 2026, and before January 1, 2032 (six-year sunset provision)
- Takes effect on the 91st day following adjournment of the 2025 legislative session
Legislative Description
Relating to an income tax subtraction for a taxpayer having three or more children; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Early Childhood and Human Services1/30/2025
Full Bill Text
No bill text available