Oregon “Renews and Raises” EITC
July 25, 2019Print
This week, Oregon Governor Kate Brown (D) signed legislation to prevent the state’s Earned Income Tax Credit (EITC) from expiring in 2020 and raise the credit’s value.
The state’s EITC will increase from 11 to 12 percent of the federal credit for taxpayers with dependent children under the age of three, and from 8 to 9 percent of the federal credit for all other eligible taxpayers. The legislation will boost income for 900,000 working Oregonians, according to the Oregon Center for Public Policy.
Oregon is the sixth state to expand its EITC in 2019, making this a successful year for the credit and paving the way for other states to enact or expand their own tax credits for working families. To stay up-to-date on state-level tax credit legislation, follow us on Twitter @TaxCreditsWF.