In February, 2010, the Oregon Legislature met and passed SB 1016A which changed Oregon’s connection date to the definition of federal taxable income and other tax definitions to those contained in the Internal Revenue Code as of December 31, 2009.  The 2009 exceptions (IRC 108, 179, 168(k)) are still applicable.  NOTE: As of 03/02/2010, the Governor has not taken action on SB 1016A. 

Haiti Contributions Update:   Also in SB 1016A, the legislature adopted a provision to connect Oregon law to recent congressional action contained in Public Law 111-126 which allows the acceleration of federal income tax benefits for charitable cash contributions for relief of victims of the earthquake in Haiti.  If your client is claiming 2010 Haiti contributions on the 2009 tax return, no adjustment is necessary on the Oregon return.  The deduction will “flow through” to the Oregon return. 

Steve Purkeypile

Personal Income Tax Policy

Oregon Department of Revenue