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OR SB561

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Richard Anderson

Click for details

Origin

Senate

2025 Legislative Measures

AI Summary

  • Creates an Oregon personal income tax subtraction allowing taxpayers to subtract child care expenses paid for a qualifying child from their federal taxable income
  • Defines "qualifying child" using the federal Internal Revenue Code section 152(c) definition
  • Prohibits double-dipping by disallowing the subtraction for amounts already claimed as a credit under ORS 315.262 or deducted on the taxpayer's federal return
  • Applies to tax years beginning on or after January 1, 2025, and before January 1, 2031
  • Takes effect on the 91st day following adjournment of the 2025 legislative session

Legislative Description

Relating to income tax subtractions for child care expenses; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Finance and Revenue1/17/2025

Full Bill Text

No bill text available