Crop donation tax credit bill goes to governor
A tax credit for crop donations has been extended and increased by the Oregon legislature.
The bill, SB 1541, was unanimously passed by the Oregon House on March 4 and the Senate on Feb. 14.
Oregon Gov. John Kitzhaber plans to sign the bill into law, according to a spokesperson.
The legislation raises the tax credit from 10 percent to 15 percent of the donated crop’s value and extends it until 2020.
A previous version of the crop donation tax credit expired in 2011.
The program will cause Oregon to forgo a total $2.5 million in revenue while the tax credit is in place.