Interest or dividend income attributable to obligations of any authority, commission, instrumentality or territorial possession of the United States, which by the laws of the United States is exempt from federal income taxation but not from state income taxation, shall be added to federal taxable income. Costs incurred to carry the income-producing securities may be deducted, to the extent those costs are not already deducted in arriving at federal taxable income.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 316.680

History

Renumbered from 150-316.680(2)(b), REV 64-2016, f. 8-15-16, cert. ef. 9-1-16
RD 12-1985, f. 12-16-85, cert. ef. 12-31-85
RD 12-1984, f. 12-5-84, cert. ef. 12-31-84
12-31-83
12-70, Renumbered from 150-316.097(2)(b)
1-69