Dividends, Interest and Royalties
(1) For Medicare Savings Programs
(see OAR 461-001-0000) and Oregon Supplemental Income Program Medical (OSIPM):
(a)Unless otherwise stated in chapter 461 of the Oregon…#
(a) Unless otherwise stated in chapter 461 of the Oregon Administrative Rules, dividends and interest earned on mutual funds and securities, including stocks, bonds, educational savings bonds, and certificates of deposit (CDs), are excluded as income. Interest earned on other assets is treated according to the rule for that asset.
(b)Royalties include compensation paid to the owner for…#
(b) Royalties include compensation paid to the owner for the use of property, usually copyrighted material or natural resources, such as coal, oil, or natural gas, which normally are extracted from the ground. Except as provided in paragraphs (A) and (B) of this subsection, royalties are treated as unearned income.
(A) For an individual who is actively working in the trade or business that generates the royalties: