HB 3427
Creates an Oregon personal income tax subtraction for income of a taxpayer with three or more dependent children under the age of 18.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Early Childhood and Human Services
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a personal income tax subtraction in Oregon for taxpayers who have three or more dependent children under the age of 18. The subtraction applies to a portion of the taxpayer’s federal taxable income, as reported on their federal income tax return. This provision is set to begin in 2026 and continue through 2031.
Key provisions
- Allows a subtraction from federal taxable income.
- The subtraction applies to income reported on the federal tax return.
- Eligibility requires filing a joint return or as a surviving spouse.
- At least three qualifying children under 18 must be listed on the return.
- Qualifying children must be defined as per section 152(c)(1) of the Internal Revenue Code.
- The provision applies to tax years beginning January 1, 2026.
- The subtraction is available through December 31, 2031.
Who is affected
- Taxpayers with three or more dependent children under 18
- Married couples filing jointly or surviving spouses
- Families with multiple young children
Notable changes
- Introduces a new tax subtraction based on the number of dependent children.
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