Relating to exempting taxpayers with certain incomes from personal income tax; prescribing an effective date.

Exempts from Oregon personal income taxation a taxpayer with Oregon adjusted gross income that is equal to or less than 120 percent of the median Oregon adjusted gross income. 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.