(1) If the application of the allocation and apportionment provisions of ORS 314.605 to 314.675 do not fairly represent the extent of the taxpayer’s business activity in this state, the taxpayer may petition for and the Department of Revenue may permit, or the department may require, in respect to all or any part of the taxpayer’s business activity:
(a) Separate accounting;
(b) The exclusion of any one or more of the factors;
(c) The inclusion of one or more additional factors which will fairly represent the taxpayer’s business activity in this state; or
(d) The employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer’s income.
(2) The department may adopt rules to promote uniformity and consistency with other states in the application of the Uniform Division of Income for Tax Purposes Act. [1965 c.152 §19; 1984 c.1 §17; 1995 c.79 §157; 1999 c.143 §9]
(Apportionment of Net Loss)Section: Previous 314.642 314.645 314.647 314.650 314.655 314.660 314.665 314.670 314.675 314.680 314.682 314.684 314.686 314.688 314.690 Next
Last modified: August 7, 2008