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 150-316-0509 identifies the types of income that qualify and do not qualify for a subtraction from Oregon taxable income.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 318.060

History

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