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OR HB2050
Bill
Status
6/27/2025
Primary Sponsor
Emily McIntire
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AI Summary
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Federal military retirement pay and pensions would be exempt from Oregon state income tax for disabled veterans with a 100% VA disability rating and for members of reserve components or the National Guard
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"Armed Forces of the United States" includes regular and reserve components of the Army, Navy, Air Force, Marine Corps, Coast Guard, Space Force, and National Guard
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The exemption cannot be combined with existing subtractions under ORS 316.680 (1)(e) for the same retirement income
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Department of Revenue may adopt rules to implement the exemption
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Applies to tax years beginning on or after January 1, 2026
Legislative Description
Relating to a taxable income exemption for taxpayers who are a veteran.
Last Action
In committee upon adjournment.
6/27/2025