Interest or dividends on obligations of state or public bodies subtracted from federal taxable income.

  1. Law
  2. Oregon Revised Statutes
  3. Revenue and Taxation
  4. Personal Income Tax
  5. Interest or dividends on obligations of state or public bodies subtracted from federal taxable income.

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(a) The State of Oregon pursuant to ORS 286A.140.

(b) A public body, as defined in ORS 287A.001.

(2) The amount subtracted under this section must be reduced by any interest on indebtedness incurred to carry the obligations or securities described in this section, and by any expenses incurred in the production of interest or dividend income described in this section. [1987 c.293 §23b; 1989 c.988 §1; 2007 c.783 §126; 2015 c.548 §5]


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