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Interest earned on Oregon local government municipal bonds are exempt from State income tax. Local governments can borrow directly from the State Water Pollution Control Revolving Fund, instead of issuing bonds which would be purchased by the Fund.
To buy, you must have a TreasuryDirect account. In TreasuryDirect, you may open an account and buy Treasury marketable securities for yourself (an individual registration). With an individual registration, you may also link your account to an account for a child under the age of 18.
TreasuryDirect is the official United States government application in which you can buy and keep savings bonds. To buy a savings bond in TreasuryDirect: Go to your TreasuryDirect account. Choose BuyDirect.
You'll likely buy municipal bonds from a bond dealer, broker or bank like Ally Invest. If you want to avoid investing directly in the bond market, you can also invest in bonds through mutual funds or ETFs (exchange-traded funds). Both of these invest in several underlying holdings.
TreasuryDirect.gov is the one and only place to electronically buy and redeem U.S. Savings Bonds. We also offer electronic sales and auctions of other U.S.-backed investments to the general public, financial professionals, and state and local governments.
Oregon Bonds are only available for purchase through a licensed municipal securities broker-dealer. For more information on municipal securities in general, visit the EMMA website. For more information on upcoming State of Oregon bond sales, go here.
To buy a savings bond in TreasuryDirect: Go to your TreasuryDirect account. Choose BuyDirect. Choose whether you want EE bonds or I bonds, and then click Submit. Fill out the rest of the information.
Income from bonds issued by the federal government and its agencies, including Treasury securities, is generally exempt from state and local taxes.