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OR SB694
Bill
Status
Failed
6/27/2025
Primary Sponsor
Lisa Reynolds
Click for details
AI Summary
- Increases Oregon's child tax credit from $1,000 to $1,200 per dependent child under age six
- Raises the income threshold for full credit eligibility from $25,000 to $35,000 in qualifying income
- Expands the phase-out range by increasing the divisor from $5,000 to $10,000, allowing partial credits at higher income levels
- Updates the cost-of-living adjustment baseline from calendar year 2022 to 2024
- Applies to tax years beginning on or after January 1, 2026
Legislative Description
Relating to children; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Tax Expenditures3/18/2025
Early Childhood and Behavioral Health1/17/2025
Full Bill Text
No bill text available