Oregon Statutes - Chapter 316 - Personal Income Tax - Section 316.846 - Scholarship awards used for housing expenses.

(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 taxpayer’s federal gross income for the tax year; or

(b) Are taken into account as a deduction on the taxpayer’s federal income tax return for the tax year. [1999 c.747 §2]

Section:  Previous  316.835  316.836  316.837  316.838  316.840  316.844  316.845  316.846  316.848  316.849  316.852  316.854  316.855  316.857  316.860  Next

Last modified: August 7, 2008