Relating to an income tax subtraction for tips received; prescribing...

The Act exempts tips from personal income tax. (Flesch Readability Score: 71.8). Creates an Oregon personal income tax subtraction for tips received by the 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.