Relating to use by enrolled degree-seeking student of tax credit for dependent care expenses; prescribing an effective date.

Allows dependent care income tax credit to be claimed for expenses to allow taxpayer or spouse to attend school as enrolled degree-seeking student. Limits expenses to combination of earned income taxable by Oregon and imputed income, using lesser amount attributable to either spouse on joint return. Provides for calculation based upon imputed income to allow degree-seeking enrolled student to claim credit. Applies to tax years beginning on or after January 1, 2019, and before January 1, 2022. Takes effect on 91st day following adjournment sine die.