OR HB3430

Establishes a $5,000 annual income tax credit for independent physicians who hold an MD or DO degree and own all or part of a physician-owned medical practice (excluding hospitals)

Requires eligible physicians to work at least 20 hours per week as an independent physician and be licensed under ORS chapter 677

Physicians must serve Medicare patients (up to 20%) and medical assistance patients (up to 15%) in proportion to those populations' share of the county's population needing care

Office of Rural Health will establish certification criteria and certify eligible individuals for the credit

Credit applies to tax years from January 1, 2026 through January 1, 2032, cannot exceed tax liability, and cannot be carried forward to future years