What does it mean when an Oregon bond is tax-exempt?
“Tax-exempt” means the interest that an Oregon investor earns on a bond is exempt from both federal income taxes and State personal income taxes. The interest paid on all State of Oregon bonds is exempt from State of Oregon personal income tax, but not all State of Oregon bonds are exempt from federal income tax. The bonds that are taxable under the federal tax code are clearly identified as “Taxable” bonds in the official statement. See “What is a taxable bond” below. For additional information about the tax status of specific bonds, read the “Tax Matters” section of the official statement of a particular bond offering. Official statements may be obtained from your broker, by visiting www.Buyoregonbonds.com, or by calling the Debt Management Division at (503) 378-4930.
