HB 2735 Oregon House · 2025 Regular Session

Relating to individual development accounts.

Summary

Increases the aggregate amount of tax credits allowed to taxpayers in a tax year for donations for individual development accounts. Aligns the date by which donations must be made to qualify for a credit with the underlying sunset date for the credit.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2025 Last action Jun 28, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

A-Engrossed → B-Engrossed · 5 edits

MODERATE

This bill version updates the legislative history dates and adds a sunset provision for Individual Development Account (IDA) tax credits. The main substantive change is establishing a new expiration date for the tax credit program, which will no longer be available for tax years beginning on or after January 1, 2030.

Scope change

The bill now includes an amendment to section 9 of Oregon Laws 2007 to establish a sunset date for the IDA tax credit program, limiting its applicability to tax years before 2030.

TIMELINE

Added a sunset provision stating the IDA tax credit program expires for tax years beginning on or after January 1, 2030.

Added requirement that donations must be made prior to April 15, 2030 to qualify for the tax credit.

TECHNICAL

Added language clarifying that unused tax credits cannot be carried forward beyond the third succeeding tax year.

Updated legislative history dates from April 8 to May 29 and included additional House amendments in the version title.

SCOPE

Added a new section amending section 9 of Oregon Laws 2007 to establish the sunset date for the IDA tax credit program.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 28, 2025

Lower · Passed

In committee upon adjournment.

lower

May 29, 2025

Committee

Referred to Tax Expenditures by order of Speaker.

lower

May 29, 2025

Lower · Passed

Recommendation: Do pass with amendments, be printed B-Engrossed, and be referred to Tax Expenditures.

lower

Apr 8, 2025

Committee

Referred to Revenue by order of Speaker.

lower

Apr 8, 2025

Committee

Subsequent referral to Ways and Means rescinded by order of the Speaker.

lower

Apr 8, 2025

Lower · Passed

Recommendation: Do pass with amendments, be printed A-Engrossed, subsequent referral to Ways and Means be rescinded, and be referred to Revenue.

lower

Jan 17, 2025

Committee

Referred to Housing and Homelessness with subsequent referral to Ways and Means.

lower

Jan 13, 2025

Introduced

First reading. Referred to Speaker's desk.

lower

3 primary · 16 co-sponsors