House passes SB 1507 to disconnect from parts of 2025 federal tax changes, expand EITC and add job credits

Lawmakers approved SB 1507, a tax package that disconnects Oregon from select federal provisions (including portions of bonus depreciation and QSBS), expands the state Earned Income Tax Credit, and creates a jobs tax credit. Supporters said it preserves funding for schools and services; opponents warned it raises costs for businesses and investment.