Or. Admin. Code § 150-318-0050

Current through Register Vol. 64, No. 1, January 1, 2025

Section 150-318-0050 - U.S. Government Obligations

According to Title 31, United States Code, section 3124, interest and dividend income from obligations of the federal government are exempt from state income tax. Oregon Administrative Rule 150-316.680(1)(a) identifies the types of income that qualify and do not qualify for a subtraction from Oregon taxable income.

REV 11-2006, f. 12-27-06, cert. ef. 1-1-07; Renumbered from 150-318.060, REV 52-2016, f. 8-13-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 318.060