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OR SB709

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Janeen Sollman

Click for details

Origin

Senate

2025 Legislative Measures

AI Summary

  • Creates a $1,000 income tax credit per qualifying apprentice for taxpayers who employ apprentices aged 16-30 for at least 500 hours during the tax year
  • Applies to individuals, corporations, and S corporation shareholders, with nonresident credits prorated according to Oregon income proportion
  • Requires taxpayers to obtain written certification of eligibility from the Department of Revenue before claiming the credit
  • Unused credits may be carried forward for up to three succeeding tax years
  • Applies to tax years beginning on or after January 1, 2026, and takes effect on the 91st day following legislative adjournment

Legislative Description

Relating to a tax credit for apprenticeships; 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