(1) There shall be subtracted from federal taxable income amounts received as a national service educational award under 42 U.S.C. 12602, following completion of the required term of service in 42 U.S.C. 12593(b).\n(2) A subtraction may not be allowed under this section if the amounts described in subsection (1) of this section:\n(a) Are not included in the taxpayer’s federal gross income for the tax year; or\n(b) Are taken into account as a deduction on the taxpayer’s federal income tax return for the tax year. [2021 c.525 §36]\nNote:\nSection 37, chapter 525, Oregon Laws 2021, provides:\nSec. 37.\nSection 36 of this 2021 Act [316.847] applies to amounts received in tax years beginning on or after January 1, 2021, and before January 1, 2027. [2021 c.525 §37]
Oregon Legal Code