Oregon House Bill 2907, introduced on January 13, 2025, aims to bolster community food resources by establishing a new income tax credit for investments in food banks and community gardens. This initiative seeks to address food insecurity and promote local food production in Oregon.

The bill proposes a tax credit for individuals or entities that invest over $20,000 in community food resources within a tax year. The credit is calculated by subtracting the $20,000 threshold from the total investment and applying a 30% rate to the remaining amount. This financial incentive is designed to encourage more substantial contributions to local food initiatives, which are vital for supporting underserved populations.

Starting in 2027, the Oregon Department of Revenue will adjust the $20,000 threshold annually based on the cost-of-living index, ensuring that the credit remains relevant over time. The bill defines "community food resources" broadly, encompassing community gardens and food banks, thus promoting a diverse range of local food initiatives.

While the bill has garnered support for its potential to enhance food security, it may face scrutiny regarding its fiscal implications. Critics may raise concerns about the impact on state revenue and whether the tax credit will effectively translate into increased investment in community food resources. Proponents argue that the long-term benefits of improved food access and community engagement will outweigh initial costs.

As the legislative session progresses, the bill's fate will depend on discussions surrounding its economic viability and the urgency of addressing food insecurity in Oregon. If passed, House Bill 2907 could significantly influence local food systems and community health across the state.