OR SB1507 | 2026 | Regular Session
Status
Completed Legislative Action
Sponsorship: Unknown
Status: Passed on April 14 2026 - 100% progression
Action: 2026-04-14 - Effective date, June 5, 2026.
Text: Latest bill text (Enrolled) [PDF]
Sponsorship: Unknown
Status: Passed on April 14 2026 - 100% progression
Action: 2026-04-14 - Effective date, June 5, 2026.
Text: Latest bill text (Enrolled) [PDF]
Summary
The Act updates the tie date to the federal Internal Revenue Code and other federal tax laws. Disconnects from certain federal tax laws. Increases the amount of the earned income tax credit. Makes a new tax credit for new jobs. (Flesch Readability Score: 67.6). [Digest: The Act would reduce income taxes and other taxes if the state collects a retail sales tax. (Flesch Readability Score: 70.1).] [Reduces taxes imposed under various tax programs, operative conditioned upon imposition of a statewide retail sales tax dedicated to specified purposes. Directs the Department of Revenue to estimate the revenue lost to tax reductions and to direct an equal amount of revenue to various purposes.] Updates the connection date to the federal Internal Revenue Code and other provisions of federal tax law. Increases the amount of the earned income tax credit allowed as a percentage of the federal earned income tax credit. Disconnects from, and requires addback of amounts for, federal provisions allowing deductions of personal auto loan interest and bonus depreciation and allowing exclusion of gain from small business stock. Applies to tax years beginning on or after January 1, 2026. Creates a personal income or corporate excise tax credit for a taxpayer creating new jobs in the tax year. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.
Title
Relating to revenue; and prescribing an effective date.
Sponsors
| No sponsor information available at this time. |
Roll Calls
2026-02-25 - House - House Third Reading (Y: 34 N: 21 NV: 0 Abs: 5) [PASS]
2026-02-25 - House - House Motion to Rerefer (Y: 19 N: 33 NV: 0 Abs: 8) [FAIL]
2026-02-19 - House - House Committee Do Pass the A-Eng bill (Y: 4 N: 2 NV: 0 Abs: 1) [PASS]
2026-02-16 - Senate - Senate Third Reading (Y: 17 N: 13 NV: 0 Abs: 0) [PASS]
2026-02-16 - Senate - Senate Motion to substitute Minority Report (Y: 12 N: 18 NV: 0 Abs: 0) [FAIL]
2026-02-09 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 3 N: 2 NV: 0 Abs: 0) [PASS]
2026-02-25 - House - House Motion to Rerefer (Y: 19 N: 33 NV: 0 Abs: 8) [FAIL]
2026-02-19 - House - House Committee Do Pass the A-Eng bill (Y: 4 N: 2 NV: 0 Abs: 1) [PASS]
2026-02-16 - Senate - Senate Third Reading (Y: 17 N: 13 NV: 0 Abs: 0) [PASS]
2026-02-16 - Senate - Senate Motion to substitute Minority Report (Y: 12 N: 18 NV: 0 Abs: 0) [FAIL]
2026-02-09 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 3 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-04-14 | Senate | Effective date, June 5, 2026. |
| 2026-04-14 | Senate | Chapter 142, 2026 Laws. |
| 2026-04-09 | Senate | Governor signed. |
| 2026-03-04 | House | Speaker signed. |
| 2026-02-27 | Senate | President signed. |
| 2026-02-25 | House | Passed. Ayes, 34; Nays, 21--Boice, Breese-Iverson, Bunch, Cate, Diehl, Edwards, Elmer, Harbick, Helfrich, Levy B, Lewis, Mannix, McIntire, Osborne, Owens, Reschke, Skarlatos, Smith G, Wallan, Wright, Yunker; Excused, 4--Hartman, Lively, Scharf, Valderrama; Excused for Business of the House, 1--Boshart Davis. |
| 2026-02-25 | House | Motion to re-refer to Revenue failed. Ayes, 19; Nays, 33--Andersen, Bowman, Chaichi, Chotzen, Dobson, Evans, Fragala, Gamba, Gomberg, Grayber, Helm, Hudson, Isadore, Javadi, Kropf, Marsh, McDonald, McLain, Munoz, Nathanson, Nelson, Nguyen D, Nosse, Pham H, Rieke Smith, Ruiz, Sanchez, Sosa, Tran, Walters, Watanabe, Wise, Speaker Fahey; Excused, 4--Hartman, Lively, Scharf, Valderrama; Excused for Business of the House, 4--Boshart Davis, Levy E, Mannix, Owens. |
| 2026-02-25 | House | Third reading. Carried by Nathanson. |
| 2026-02-24 | House | Second reading. |
| 2026-02-20 | House | Recommendation: Do pass. |
| 2026-02-19 | House | Work Session held. |
| 2026-02-18 | House | Public Hearing held. |
| 2026-02-16 | House | Referred to Revenue. |
| 2026-02-16 | House | First reading. Referred to Speaker's desk. |
| 2026-02-16 | Senate | Vote explanation(s) filed by Starr. |
| 2026-02-16 | Senate | Rules suspended. Third reading. Carried by Broadman. Passed. Ayes, 17; Nays, 13--Anderson, Drazan, Girod, Hayden, Linthicum, McLane, Meek, Nash, Robinson, Smith DB, Starr, Thatcher, Weber. |
| 2026-02-16 | Senate | Rules suspended. Motion to substitute Minority Report for Committee Report failed. Ayes, 12; Nays, 18--Broadman, Campos, Frederick, Gelser Blouin, Golden, Gorsek, Jama, Lieber, Manning Jr, Meek, Neron Misslin, Patterson, Pham, Prozanski, Reynolds, Sollman, Taylor, President Wagner. |
| 2026-02-16 | Senate | Second reading. |
| 2026-02-13 | Senate | Minority Recommendation: Do pass with different amendments. (Printed A-Eng. Minority) |
| 2026-02-13 | Senate | Recommendation: Do pass with amendments. (Printed A-Eng). |
| 2026-02-09 | Senate | Work Session held. |
| 2026-02-04 | Senate | Public Hearing held. |
| 2026-02-02 | Senate | Referred to Finance and Revenue. |
| 2026-02-02 | Senate | Introduction and first reading. Referred to President's desk. |
