(1) There shall be subtracted from federal taxable income amounts received from a scholarship awarded to the taxpayer or a dependent of the taxpayer that are used for housing expenses of the scholarship recipient at the time the scholarship recipient is attending an accredited community college, college, university or other institution of higher education. (2) A subtraction may not be allowed under this section if the amounts described in subsection (1) of this section: (a) Are not included in the taxpayers federal gross income for the tax year; or (b) Are taken into account as a deduction on the taxpayers federal income tax return for the tax year.
‹ Prev All Oregon sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.