A bill enacted by the Oregon Legislature earlier this year will enable the state of Oregon to start giving one-time stimulus checks of $600 to close to 250,000 low-income households as early as this week.
The stimulus money will start being distributed this week through check or direct deposit, the Oregon Department of Revenue stated on Wednesday. It is expected that all funds will be received by July 1st.
The stimulus check will go to more than 236,000 families. A household member must have claimed Oregon Earned Income Tax Credit on their 2019 – 20 tax return and have resided in Oregon for at least the second half of 2020 to be eligible. State and federal income taxes are not due on the $600. Around $141.8 million will be provided in one-time aid overall. As early as this week, the state of Oregon will issue $600 checks to more than 200,000 employees.
Stimulus Checks Will Be Sent By July 1
The one-time stimulus check for a select group of low-income workers was approved by Oregon lawmakers in March. Oregon residents who applied for the Earned Income Tax Credit in 2020, a tax cut for low-income working households, and resided in the state for the final six months of that year will get the payouts.
The distribution of almost $141.8 million to 236,000 qualified families was announced by the Oregon Department of Revenue on Wednesday. There may only be one payment per household. The remaining about $60 million will be distributed through the mail, with around $82 million going straight into the savings accounts of eligible people. According to the state, eligible individuals will get their money by July 1.
With federal pandemic money that Congress granted last year, the state has to pay for the stimulus payments.
The payments are not subject to either state or federal income tax, according to Rich Hoover, a representative for The Oregon Department of Revenue.
This spring, House Bill 4157, which saw a small number of Republicans join the bulk of Democrats in supporting it, was passed by sizable majorities in both houses of the Oregon Legislature.