Relating to income tax deductions for personal casualty loss; and prescribing an effective date.
It became law on Jul 26, 2023.
- Stage
- Became law
- Started in
- House
- Sponsors
- +13
- Latest action
- Jul 26, 2023
What it does
Creates Oregon tax subtraction for amounts of personal casualty loss that are barred from deduction on federal tax return because loss is not attributable to federally declared disaster. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. Takes effect on 91st day following adjournment sine die.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
It is law in Oregon. What happens now is up to the agency that carries it out, the courts, and the place itself.