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OR SB112

Bill

Status

Failed

6/27/2025

Primary Sponsor

Unknown

Origin

Senate

2025 Legislative Measures

AI Summary

  • Extends the sunset date for Oregon's tax credit for pension income from January 1, 2026 to January 1, 2032
  • Amends ORS 316.157, which provides the pension income tax credit
  • Provides a 6-year extension allowing taxpayers to continue claiming the credit through tax year 2031
  • Requested by the Senate Interim Committee on Finance and Revenue

Legislative Description

Relating to tax credits for pension income.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Tax Expenditures4/15/2025
Finance and Revenue1/17/2025

Full Bill Text

No bill text available