Earned Income Tax Credit^
Income Tax Rate: Graduated, 5 -7 -9 -10.8 and -11 percent through 2011; 5 -7 -9 and -9.9 percent in 2012 and later1
Refundable: Yes
Enacted: 1997
Formula: 6 percent of the federal EITC
News/Notes: Oregon’s EITC sunsets in 2013.
Reports/Fact Sheets: The EITC’s Benefits by District: SB 349 would help a significant share of lawmakers’ constituents, Oregon Center for Public Policy, June 2011
SB 349 Helps Working Families Get Ahead: Should be a Top Legislative Priority, Oregonians for Working Families, March 2011
Help Working Families Get Ahead: SB 349 Will Improve Oregon’s Earned Income Tax Credit, Oregonians for Working Families, January 2011
Earned Income Tax Credit throughout Oregon: How the EITC impacts Oregon’s House and Senate Districts, Oregonians for Working Families, January 2011
Improving Oregon’s Earned Income Tax Credit: SB 1044 Would Help Oregon Working Families Get Ahead, Oregonians for Working Families, February 2010
Oregon State and Local Taxes in 2007, Institute on Taxation and Economic Policy, November 2009
Will Poor, Working Families Be Roadkill?: The Jobs and Transportation Act’s Regressive Tax and Fee Increases Will Set Back Low-Income Working Families With Children Unless the Legislature Enacts a Modest EITC Expansion, Oregon Center for Public Policy, June 2009
Your Constituents Utilize the EITC: Improving It Should Be Part of Any Revenue Package, Oregon Center for Public Policy, May 2009
An Improved Tax Credit, a New Direction for Oregon, Oregon Center for Public Policy, CenterPoints, February 2009
No Contest: Why expanding the Earned Income Tax Credit is better for working families and Oregon than the Tax Bracket Increase, Oregon Center for Public Policy, August 2008
Expanding the EITC in 2009, Oregon Center for Public Policy, March 2008
Giving Credit Where Credit is Due: How to Pay for an Improvement in the Earned Income Credit, Oregon Center for Public Policy, April 2007
Oregon State Fact Sheet, Center on Budget and Policy Priorities
Working, Poor and Taxed: Improving Oregon’s Earned Income Tax Credit, Oregon Center for Public Policy, April 4, 2007
Investing in Working Families: Improving Oregon’s Earned Income Credit, Michael Leachman, Oregon Center for Public Policy, February 25, 2005
Helping Families Help Themselves, Family Impact Seminar
Making Ends Meet: Improving Oregon’s EITC, Oregon Center for Public Policy, February 2003
Articles: Advocates Push Bigger Tax Credit For Working Families, Chris Lehman, Oregon Public Broadcasting, February 12, 2010
State, federal tax credits can help families with cost of child care, The Oregonian, February 9, 2007
Editorial: When Working Isn’t Enough, The Oregonian, January 8, 2000
Child Tax Credit^
State Credit: No
Child and Dependent Care Tax Credit^
State Credit: Yes
Refundable: No. Any unused credit may be carried forward for up to five years.
Eligibility: Same as federal child and dependent care credit. Filer’s income may not exceed $45,000.
Formula: Filers eligible for the federal child and dependent care credit may claim a percentage of that credit for expenses allowed for the federal credit on their Oregon tax return. The percentage varies based on the filer’s income. Incomes above $45,000 are ineligible.
|
Income |
Percentage of the federal credit |
| ≤ $5,000 | 30 percent |
| $5,001-$10,000 | 15 percent |
| $10,001-$15,000 | 8 percent |
| $15,001-$25,000 | 6 percent |
| $25,001-$35,000 | 5 percent |
| $35,001-$45,000 | 4 percent |
News/Notes: If the value of this credit exceeds income tax liability, the unused amount may be used against tax liability in subsequent years, for up to five years. Eligible filers may claim both this credit, and the “working family child care” credit, another credit for care expenses, which also varies depending on filer’s income. There is no maximum dollar limit for the “working family child care” credit, which is repealed effective Jan. 2, 2016.
Reports: Impact of 1997 Legislation: Earned Income and Working Family Child Care Tax Credits in Oregon, Oregon Legislative Revenue Office, December 2004
Addressing the High Cost of Child Care: House Bill 2716, Making the Working Family Child Care Credit Refundable (Executive Summary), Charles Sheketoff and John Lewis, Oregon Center for Public Policy, March 2001
Tax Credits and Maintenance-of-Effort: Using Refundable State Earned Income and Working Family Child Care Credits to Meet Welfare Spending Rules, Charles Sheketoff, Oregon Center for Public Policy, April 1999
Property Tax Circuit Breaker^
Circuit Breaker: Yes, for elderly renters
Refundable: Yes
Eligibility: The filers or the filer’s spouse/registered domestic partner must be at least 58 years old and have a household income below $10,000. Filers must also spend more than 20 percent of their household income for rent, fuel, and utilities and rent a property in Oregon. Filers between age 58 and 65 must have less than $25,000 in total assets
Formula: The Oregon Department of Revenue uses two distinct methods to calculate the credit and awards the more valuable result to each filer. Filers receive either 100 percent of the difference between 20 percent of their household income and property taxes due, not to exceed $2,100 or a credit calculated using the following table.
|
Income |
Credit Amount |
|
$0 – 499 |
$250 |
|
$500 – 999 |
$245 |
|
$1,000 – 1,499 |
$238 |
|
$1,500 – 1,999 |
$228 |
|
$2,000 – 2,499 |
$217 |
|
$2,500 – 2,999 |
$205 |
|
$3,000 – 3,499 |
$192 |
|
$3,500 – 3,999 |
$179 |
|
$4,000 – 4,499 |
$165 |
|
$4,500 – 4,999 |
$151 |
|
$5,000 – 5,499 |
$136 |
|
$5,500 – 5,999 |
$121 |
|
$6,000 – 6,499 |
$106 |
|
$6,500 – 6,999 |
$91 |
|
$7,000 – 7,499 |
$77 |
|
$7,500 – 7,999 |
$63 |
|
$8,000 – 8,499 |
$50 |
|
$8,500 – 8,999 |
$38 |
|
$9,000 – 9,499 |
$27 |
|
$9,500 – 9,999 |
$18 |
2 Oregon Working Family Child Care Credit: Information for Parents and Guardians, Oregon Department of Revenue, June 2009
