Fields v. Department of Revenue

I. INTRODUCTION

This matter is before the court on the motion of Defendant (the department) to dismiss the complaint of Plaintiffs (taxpayers). The complaint seeks a declaration with respect to the validity of Oregon statutes that have the effect of subjecting to taxation the interest on bonds of sister states while exempting from taxation interest earned on bonds of the State of Oregon and its political subdivisions.

II. FACTS

Taxpayers originally filed a tax return with the department on which the interest on bonds of sister states was included in Oregon taxable income. Taxpayers then filed an…