{"data":{"id":"us-or/ors-316.866","jurisdiction":"us-or","citation":"ORS 316.866","heading":"Amounts received in civil action arising from wildfire.","body":"(1) There shall be subtracted from federal taxable income any amount received in judgment or settlement of a civil action arising from a wildfire, as defined in ORS 477.089, and awarded to a plaintiff.\n      (2) A subtraction under this section is allowed only for resolution of civil actions arising from a wildfire that:\n      (a) Is the subject of a state of emergency declared by the Governor;\n      (b) Occurs in an area subject to an executive order of the Governor invoking the Emergency Conflagration Act under ORS 476.510 to 476.610; or\n      (c) Is a federally declared disaster, as defined in section 165 of the Internal Revenue Code, whether located within Oregon or elsewhere.\n      (3) A subtraction under this section:\n      (a) Is not allowed for any amount described in subsection (1) of this section that is taken into account as a deduction or credit on the taxpayer’s federal income tax return for any tax year; and\n      (b) Is allowed only to the extent that losses, expenses or other damages compensated by the amount of the judgment or settlement are not compensated for by insurance or otherwise.","path":["08 - Revenue and Taxation","29. Revenue and Taxation","Chapter 316 — Personal Income Tax"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors316.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"062e371de3887630c498cf05005b62f3f8a9c6abb89bc4aff22e31596fd1209e","source_id":"us-or","stale":false,"prev":"us-or/ors-316.865","next":"us-or/ors-316.867"},"notice":"GroundRules: Original legal text. Not legal advice."}