Final answer:
The statement is False. Taxpayers in Oregon can subtract the value of donated original art without having to itemize deductions on their state return.
Step-by-step explanation:
The statement that the Artist Charitable Contribution is a subtraction on the Oregon return and that the taxpayer must itemize to receive it is False. In Oregon, taxpayers are allowed to subtract the value of original art they have donated to qualified nonprofit organizations from their state taxable income, but that doesn't require the taxpayer to itemize deductions on their Oregon return.
The Artist Charitable Contribution is specifically designed to encourage the donation of original works of art by the artists who created them. Taxpayers can take advantage of this subtraction regardless of whether they choose to itemize deductions or take the standard deduction on their Oregon tax return.