Mayor of Molalla
Molalla City Council member since 2006 New solutions for New challenges "Putting the
unity back into Community"
the Oregon Political Tax Credit!
The Political Tax
Credit allows a married couple to contribute up to $100 -- a single
person can contribute up to $50 -- to a qualified political cause and receive
the full amount of their contribution back as a credit
on their Oregon tax return.
Contributions must be dated no later than
December 31st, 2012 to receive the credit on
your 2012 Oregon tax return.
A Credit, not a
Please note, this is not a tax deduction like
your home mortgage interest deduction or contributions to a charity. This is a
dollar-for-dollar credit. In other words if
your total state taxes for 2004 were $500 and you made a political contribution
to a qualified political committee of $100, you would only pay $400 in taxes.
The maximum allowable
credit for a married couple filing jointly is $100. The limit for
individual taxpayers is $50. (You may contribute more to the committee if you
desire but the credit applied to your taxes
is limited to $100 for couples, $50 for singles). Naturally your tax bill must
equal or exceed your contribution in order to receive the full