Oregon Statutes - Chapter 723 - Credit Unions - Section 723.752 - Application of tax statutes to credit unions.

Any credit union subject to this chapter shall be deemed an institution for savings within the meaning of the law that exempts such institutions from taxation. No law, except as stated in this section, that taxes corporations in any form, or the shares thereof or the accumulations therein, shall apply to credit unions doing business in accordance with this chapter unless the credit unions are specifically named in the law. However, credit unions subject to this chapter shall be subject to the same tax as mutual savings and loan associations. [1975 c.652 §77; 1985 c.762 §103]

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Last modified: August 7, 2008