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House passes SB 1507 to disconnect from parts of 2025 federal tax changes, expand EITC and add job credits
Summary
Lawmakers approved SB 1507, a tax package that disconnects Oregon from select federal provisions (including portions of bonus depreciation and QSBS), expands the state Earned Income Tax Credit, and creates a jobs tax credit. Supporters said it preserves funding for schools and services; opponents warned it raises costs for businesses and investment.
The Oregon House passed Senate Bill 1507 on Feb. 25 after extended floor debate over state tax policy, business investment incentives and budget trade‑offs.
Representative Nathanson introduced the measure as a targeted response to federal tax changes, arguing the state must act to preserve funding for schools and basic services. "This bill is about Oregon taking some control," Nathanson said, outlining five components: an expansion of the state Earned Income Tax Credit (EITC), a new Oregon jobs tax credit to encourage hiring, adjusted depreciation treatment (spreading rather than immediate full bonus depreciation), a…
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