Or. Admin. Code § 150-305-0450

Current through Register Vol. 63, No. 12, December 1, 2024

Section 150-305-0450 - Depositing Refunds into College Savings Account

A taxpayer electing to make contributions authorized by ORS 305.796 to one or more accounts established under 348.857:

(1) May contribute to a maximum of four accounts;

(2) Must contribute at least $25 per account; and

(3) May deduct contributions made under this section on the subsequent year's tax return in accordance with ORS 316.699.

Or. Admin. Code § 150-305-0450

REV 9-2012, f. 12-18-12, cert. ef. 1-1-13; REV 2-2013, f. & cert. ef. 3-28-13; Renumbered from 150-305.796, REV 49-2016, f. 8-13-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100 & 305.796

Stats. Implemented: ORS 305.796