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OR HB3306

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Paul Evans

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Exempts up to $17,500 of military retirement pay or pension from Oregon state income tax for taxpayers under age 63
  • Covers retirement from all branches of the Armed Forces including Army, Navy, Air Force, Marine Corps, Coast Guard, Space Force, and National Guard
  • Department of Revenue must annually adjust the $17,500 maximum for inflation using the Consumer Price Index for All Urban Consumers, West Region, rounded down to the nearest $50
  • Applies to tax years beginning on or after January 1, 2025, with inflation adjustments starting in tax year 2026
  • Takes effect on the 91st day after the 2025 legislative session adjourns

Legislative Description

Relating to taxable income exemption for military taxpayers; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Revenue1/24/2025

Full Bill Text

No bill text available