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Oregon bill aims to remove gambling loss deductions from tax code

12th March 2019 9:44 am GMT
Oregon

The Oregon Senate voted Monday in favour of removing gambling loss deductions from the state tax code and replacing it with a student tuition deduction.

The bill would disconnect Oregon from the federal tax code on gambling losses, disallowing any deductions for personal income or corporate excise tax purposes under the state tax code.

It would be replaced by a student tuition deduction that would allow taxpayers with adjusted gross income of below $80,000, or $160,000 if [...]

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