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OR SB1134
Bill
Status
6/27/2025
Primary Sponsor
David Smith
Click for details
AI Summary
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Creates an Oregon personal income tax subtraction for premiums paid for medical, dental, or vision insurance coverage for qualifying child dependents
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Limits eligibility to taxpayers with adjusted gross income between $90,000-$150,000 (joint returns) or $45,000-$75,000 (all other returns)
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Caps the subtraction at $10,000 per qualifying child dependent
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Prohibits claiming the subtraction for amounts already taken as a deduction or credit on any state or federal tax return
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Applies to tax years beginning January 1, 2026, through December 31, 2031, and takes effect 91 days after the 2025 legislative session adjourns
Legislative Description
Relating to an income tax subtraction for insurance expenses of personal income taxpayers; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025