Oregon SB 1507 — Relating to revenue; and prescribing an effective date.

Oregon, 2026R1. SB 1507: Relating to revenue; and prescribing an effective date.

Plural source record ↗

Official legislative source ↗

Latest action

April 14, 2026 — Effective date, June 5, 2026.

Summary

] [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.

Sponsors

Sponsor details were not supplied.

Bill text

A-Engrossed Read version ↗

Enrolled Read version ↗

Introduced Read version ↗

Minority Report A-Engrossed Read version ↗

Senate Amendments to Introduced Read version ↗

Senate Minority Amendments to Introduced Read version ↗

SFR Amendment -3 Read version ↗

SFR Amendment -7 Read version ↗

SFR Amendment -9 Read version ↗

Recorded votes

Legislative history

1. April 14, 2026Effective date, June 5, 2026.
2. April 14, 2026Chapter 142, 2026 Laws.
3. April 9, 2026Governor signed.
4. March 4, 2026Speaker signed.
5. February 27, 2026President signed.
6. February 26, 2026Passed.
7. February 26, 2026Motion to re-refer to Revenue failed.
8. February 26, 2026Third reading. Carried by Nathanson.
9. February 25, 2026Second reading.
10. February 21, 2026Recommendation: Do pass.
11. February 19, 2026Work Session held.
12. February 18, 2026Public Hearing held.
13. February 16, 2026Vote explanation(s) filed by Starr.
14. February 16, 2026Referred to Revenue.
15. February 16, 2026First reading. Referred to Speaker's desk.
16. February 16, 2026Rules suspended. Third reading. Carried by Broadman. Passed.
17. February 16, 2026Rules suspended. Motion to substitute Minority Report for Committee Report failed.
18. February 16, 2026Second reading.
19. February 13, 2026Minority Recommendation: Do pass with different amendments. (Printed A-Eng. Minority)
20. February 13, 2026Recommendation: Do pass with amendments. (Printed A-Eng).
21. February 9, 2026Work Session held.
22. February 4, 2026Public Hearing held.
23. February 2, 2026Referred to Finance and Revenue.
24. February 2, 2026Introduction and first reading. Referred to President's desk.

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