OR SB225 | 2025 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-02-04 - Public Hearing Scheduled.
Pending: Senate Veterans, Emergency Management, Federal and World Affairs Committee
Hearing: Feb 4 @ 1:00 pm in HR B
Text: Latest bill text (Introduced) [PDF]

Summary

Exempts from state income tax up to $17,500 received by a person 62 years of age or younger as retirement pay or pension for service in the Armed Forces. The Act applies to tax years that start on or after January 1, 2025. The Act takes effect on the 91st day after sine die. (Flesch Readability Score: 61.6). Exempts from state income tax up to $17,500 in retirement pay or pension received for service in the Armed Forces of the United States for a taxpayer who is receiving retirement pay or pension for service in the Armed Forces of the United States and who has not attained 63 years of age before the close of the taxable year for which a return is filed. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

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

Sponsors


History

DateChamberAction
2025-02-04SenatePublic Hearing Scheduled.
2025-01-17SenateReferred to Veterans, Emergency Management, Federal and World Affairs.
2025-01-13SenateIntroduction and first reading. Referred to President's desk.

Oregon State Sources


Bill Comments

feedback