Or. Admin. Code § 150-316-0065

Current through Register Vol. 63, No. 10, October 1, 2024

Section 150-316-0065 - Social Security and Railroad Retirement Benefits Eligible for Subtraction

A subtraction from federal taxable income is allowed for social security and tier I railroad retirement benefits as defined under Internal Revenue Code Section 86. Other benefits paid by the Railroad Retirement Board (tier II, windfall, vested dual, supplemental annuities, unemployment, and sickness) are also allowed as a subtraction from federal taxable income. In all cases, the subtraction is allowed only to the extent that such benefits are included in federal taxable income.

Or. Admin. Code § 150-316-0065

RD 7-1993, f. 12-30-93, cert. ef. 12-31-93; REV 4-2003, f. & cert. ef. 12-31-03; Renumbered from 150-316.054, REV 60-2016, f. 8-15-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 316.054