OR SB662 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
The Act makes a bigger amount for the tax credit that is allowed for gifts of money to political parties or to people who run for office. (Flesch Readability Score: 60.3). Increases the maximum allowable amount of political contribution personal income tax credit. Applies to tax years beginning on or after January 1, 2025, and before January 1, 2028. Takes effect on the 91st day following adjournment sine die.
Title
Relating to a tax credit for political contributions; prescribing an effective date.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | Senate | Referred to Finance and Revenue. |
| 2025-01-13 | Senate | Introduction and first reading. Referred to President's desk. |
