SB1549

Oregon SB1549 increases the tax credit for political contributions to political parties and candidates.

Oregon SB1549 amends the state's tax code to increase the maximum allowable amount of political contribution personal income tax credit. The credit is available for contributions made to major or minor political parties, their committees, or candidates for federal, state, or local office. The credit is the lesser of the total contribution or the taxpayer's tax liability, with a cap of $2,000 for joint returns and $1,000 for other returns. The credit is not available to taxpayers with federal adjusted gross income over $150,000 for joint returns or $75,000 for other returns.