Portland, Oregon (Metro SHS + Multnomah PFA)

A tax is hereby imposed on the Metro taxable income of every individual subject to this title. The tax shall be imposed at the rate of 1% of Metro taxable income in excess of $125,000 for an individual, or $200,000 for a couple filing a joint return.

A tax is hereby imposed on the Metro taxable income of every individual subject to this title. The tax shall be imposed at the rate of 1% of Metro taxable income in excess of $125,000 for an individual, or $200,000 for a couple filing a joint return.

The Preschool for All Personal Income Tax is imposed on Multnomah County taxable income at the rate of 1.5% on income between $125,000 and $250,000 for individuals filing single returns, and 3% on income in excess of $250,000 for individuals filing single returns. For married individuals filing a joint return, the 1.5% rate applies to income between $200,000 and $400,000, and 3% applies to income in excess of $400,000.

The Preschool for All Personal Income Tax is imposed on Multnomah County taxable income at the rate of 1.5% on income between $125,000 and $250,000 for individuals filing single returns, and 3% on income in excess of $250,000 for individuals filing single returns. For married individuals filing a joint return, the 1.5% rate applies to income between $200,000 and $400,000, and 3% applies to income in excess of $400,000.

A tax is hereby imposed on the Metro taxable income of every individual subject to this title. The tax shall be imposed at the rate of 1% of Metro taxable income in excess of $125,000 for an individual, or $200,000 for a couple filing a joint return.

In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.

The entire taxable income of a resident of this state is the federal taxable income of the resident as defined in the laws of the United States, with the modifications, additions and subtractions provided in this chapter and other laws of this state applicable to personal income taxation.

The entire taxable income of a resident of this state is the federal taxable income of the resident as defined in the laws of the United States, with the modifications, additions and subtractions provided in this chapter and other laws of this state applicable to personal income taxation.

There shall be added to federal taxable income an amount equal to any gain from the exchange or sale of qualified small business stock that is received by the taxpayer and excluded from income on the taxpayer's federal income tax return in the tax year, as provided in section 1202 of the Internal Revenue Code.

There shall be added to Oregon taxable income the amount of any interest or dividend income on obligations or securities of any state or political subdivision thereof other than Oregon or its political subdivisions, to the extent excluded from federal taxable income.

There shall be added to Oregon taxable income the amount of any interest or dividend income on obligations or securities of any state or political subdivision thereof other than Oregon or its political subdivisions, to the extent excluded from federal taxable income.

There shall be subtracted from federal taxable income of a resident individual interest or dividends on obligations of the United States, or of any authority, commission, or instrumentality of the United States, to the extent the interest or dividends are exempt from state income taxes under the laws of the United States.

316.037 Imposition and rate of tax. (1)(a) A tax is imposed for each taxable year on the entire taxable income of every resident of this state. The amount of the tax shall be determined in accordance with the following table: ... Over $125,000 $10,798 plus 9.9% of the excess over $125,000 ... (b) For tax years beginning in each calendar year, the Department of Revenue shall adopt a table that shall apply in lieu of the table contained in paragraph (a) of this subsection

Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax.

Any security issued under this chapter by a Federal home loan bank, including the stock thereof, shall be exempt from taxation, except taxes upon real estate, by any State, county, municipality, or local taxing authority.

The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31 U.S.C. 3124).

A tax is hereby imposed on the Metro taxable income of every individual subject to this title. The tax shall be imposed at the rate of 1% of Metro taxable income in excess of $125,000 for an individual, or $200,000 for a couple filing a joint return.