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Split testimony at SB 1507 hearing: advocates back EITC expansion while business groups warn against disconnecting federal expensing rules
Summary
At a public hearing on SB 1507, supporters urged disconnecting certain federal tax provisions and expanding the Earned Income Tax Credit to protect services; business groups and CPAs warned that disconnecting bonus depreciation and other federal rules would raise compliance costs, reduce investment and act as a short‑term revenue advance.
The Senate Committee on Finance and Revenue opened a public hearing on Senate Bill 1507, a comprehensive tax package that would close specified tax preferences, expand the state Earned Income Tax Credit (EITC) and—depending on the amendment—disconnect Oregon from select federal tax provisions. Committee staff described three amendment paths: dash 3 (standard reconnect language), dash 4 (disconnect selected provisions) and dash 5 (builds on dash 4 and adds a new jobs tax credit with a placeholder cap).
Supporters: Daniel Hauser of the Oregon Center for Public Policy, labor unions, anti‑hunger advocates and many community witnesses urged the committee to adopt the dash 5 approach. Hauser argued HR 1’s federal tax changes disproportionately benefit the top 1% and that SB 1507 would preserve social services and improve…
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