l9n/ Oregon

2026 Regular Session

Senate Bill 1507

Updates the connection date to the federal Internal Revenue Code and other provisions of federal tax law.

Became law as Chapter 142, Oregon Laws 2026, signed April 9, 2026, 66 days after it was filed. In force from June 5, 2026.

What it does

The synopsis the Legislative Assembly published with the bill.

<b>Digest: 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).</b> [<i>Digest: The Act would reduce income taxes and other taxes if the state collects a retail sales tax. (Flesch Readability Score: 70.1).</i>] [<i>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.</i>] <b>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.</b> Takes effect on the 91st day following adjournment sine die.

Its course

February 2 to April 14, 2026, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action24 actions on 14 days

In the SenateFeb 2 to Feb 1614 days

Waiting for a committeeFeb 2 to Feb 20 days

Finance and RevenueFeb 2 to Feb 1311 days

In the House of RepresentativesFeb 16 to Feb 259 days

Waiting for a committeeFeb 16 to Feb 160 days

RevenueFeb 16 to Feb 204 days

With the GovernorFeb 25 to Apr 943 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • Senate, third reading12–18

    Feb 16

  • Senate, third reading17–13

    Passed · Feb 16

  • Revenue19–33

    Feb 25 · 8 present

  • House of Representatives, third reading34–21

    Passed · Feb 25 · 5 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Feb 13

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the Senate Feb 2 – Feb 16

  1. Feb 2Introduced
  2. Sent to Finance and Revenue
  3. Feb 4Heard in Finance and Revenue
  4. Feb 9Heard in Finance and Revenue
  5. Feb 13Finance and Revenue recommended it as amended
  6. Feb 16Read a second time
  7. Passed the Senate, 17 to 13

In the House of Representatives Feb 16 – Feb 25

  1. Feb 16Arrived in the House of Representatives
  2. Sent to Revenue
  3. Feb 18Heard in Revenue
  4. Feb 19Heard in Revenue
  5. Feb 20Revenue recommended it
  6. Feb 24Read a second time
  7. Feb 25Read a third time
  8. Passed the House of Representatives, 34 to 21

To the Governor Feb 27 – Apr 14

  1. Feb 27Signed in the Senate
  2. Mar 4Signed in the House of Representatives
  3. Apr 9Signed by the Governor
  4. Apr 14Became chapter 142 of Oregon Laws 2026
  5. In force from June 5, 2026
All 24 actions, as published
  1. Feb 2Introduction and first reading. Referred to President's desk.Senate
  2. Feb 2Referred to Finance and Revenue.Senate
  3. Feb 4Public Hearing held.Senate
  4. Feb 9Work Session held.Senate
  5. Feb 13Recommendation: Do pass with amendments. (Printed A-Eng).Senate
  6. Feb 13Minority Recommendation: Do pass with different amendments. (Printed A-Eng. Minority)Senate
  7. Feb 16Second reading.Senate
  8. Feb 16Rules suspended. Motion to substitute Minority Report for Committee Report failed.Senate
  9. Feb 16Rules suspended. Third reading. Carried by Broadman. Passed.Senate
  10. Feb 16Vote explanation(s) filed by Starr.Senate
  11. Feb 16First reading. Referred to Speaker's desk.House of Representatives
  12. Feb 16Referred to Revenue.House of Representatives
  13. Feb 18Public Hearing held.House of Representatives
  14. Feb 19Work Session held.House of Representatives
  15. Feb 20Recommendation: Do pass.House of Representatives
  16. Feb 24Second reading.House of Representatives
  17. Feb 25Third reading. Carried by Nathanson.House of Representatives
  18. Feb 25Motion to re-refer to Revenue failed.House of Representatives
  19. Feb 25Passed.House of Representatives
  20. Feb 27President signed.Senate
  21. Mar 4Speaker signed.House of Representatives
  22. Apr 9Governor signed.Senate
  23. Apr 14Chapter 142, 2026 Laws.Senate
  24. Apr 14Effective date, June 5, 2026.Senate