Oregon Revised Statutes Chapter 316 § 316.056 — Interest or dividends on obligations of state or public bodies subtracted from
Oregon Revised Statutes Chapter 316 ·
Oregon Code § 316.056·Enacted ·Last updated March 01, 2026
Statute Text
Interest or dividends on obligations of state or public bodies subtracted from
federal taxable income.
(1) In addition to the modifications to federal taxable income contained in
this chapter, there shall be subtracted from federal taxable income, to the
extent includable in gross income for federal income tax purposes, the interest
or dividends on obligations of:
(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]
Plain English Explanation
This Oregon statute addresses Interest or dividends on obligations of state or public bodies subtracted from
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 316.056
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Interest or dividends on obligations of state or public bodies subtracted from
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