Oregon Statutes - Chapter 314 - Taxes Imposed Upon or Measured by Net Income - Section 314.730 - “C corporation” and “S corporation” defined for this chapter and ORS chapters 316, 317 and 318.

For purposes of this chapter and ORS chapters 316, 317 and 318:

(1) “C corporation” means, with respect to any taxable year, a corporation which is not an S corporation for such year.

(2) “S corporation” means, with respect to any taxable year, a corporation for which an election under section 1362(a) of the Internal Revenue Code is in effect for such year. [1989 c.625 §41]

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Last modified: August 7, 2008