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.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 316.054

History

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