Oregon Code § 316.848·Enacted ·Last updated March 01, 2026
Statute Text
Individual development accounts.
(1) In addition to the other modifications to federal taxable income contained
in this chapter, there shall be subtracted from federal taxable income the
amount of taxpayer deposits to an individual development account established by
the taxpayer under ORS 458.685.
(2) Matching
deposits made by a fiduciary organization to an individual development account,
and interest accruing on account holder deposits and matching deposits, are
exempt from taxation until withdrawn by the taxpayer.
(3) Moneys
withdrawn by the taxpayer from an individual development account for an
approved purpose, as described under ORS 458.685, are exempt from taxation
under this chapter. A withdrawal by a taxpayer for a purpose other than an
approved purpose is taxable under this chapter. [1999 c.1000 §10]
Plain English Explanation
This Oregon statute addresses Individual development accounts. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 316.848
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Individual development accounts. Read the full statute text above for details.
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