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OR SB519
Bill
Status
6/27/2025
Primary Sponsor
David Smith
Click for details
AI Summary
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Exempts all military retirement pay and pensions from Oregon state income tax for veterans beginning with tax years starting on or after January 1, 2026
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Covers veterans from all branches: Army, Navy, Air Force, Marine Corps, Coast Guard, Space Force, and National Guard (both regular and reserve components)
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Expands veteran eligibility to include those discharged under "other than honorable conditions," not just honorable discharges
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Prevents double-counting by excluding any amounts already subtracted under existing ORS 316.680 (1)(e) provisions
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Authorizes the Department of Revenue to adopt rules for implementation
Legislative Description
Relating to a taxable income exemption for taxpayers who are a veteran.
Last Action
In committee upon adjournment.
6/27/2025