Oregon Statutes - Chapter 314 - Taxes Imposed Upon or Measured by Net Income - Section 314.705 - Computation of tax when income reported as percentage of sales volume.

Any taxpayer electing in any year to report and pay an income tax on the basis of a percentage of sales volume, pursuant to Article III, section 2 of the Multistate Tax Compact, shall pay a tax computed at one-fourth of one percent of the dollar volume of gross sales in Oregon, except that if the taxpayer’s return on sales for its business is less than five percent, it shall pay a tax computed on the basis of one-eighth of one percent of such volume. [1967 c.242 §2]

Section:  Previous  314.680  314.682  314.684  314.686  314.688  314.690  314.695  314.705  314.710  314.712  314.714  314.716  314.718  314.720  314.722  Next

Last modified: August 7, 2008