Creates an Oregon personal income tax subtraction for overtime pay received by a taxpayer during the tax year.

Summary

Digest: The Act makes overtime pay not subject to personal income tax. (Flesch Readability Score: 64.9). Creates an Oregon personal income tax subtraction for overtime pay received by a taxpayer during the tax year. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.