(1) A tax is hereby imposed for each taxable year on the homeowners association taxable income of every homeowners association at the rate provided in ORS 317.061 and as though the homeowners association were a corporation.
(2) As used in this section, “homeowners association” has the meaning given that term in section 528(c) of the Internal Revenue Code. [1977 c.597 §3; 1983 c.162 §6; 1999 c.21 §44; 1999 c.90 §22a]
Section: Previous 317.056 317.057 317.060 317.061 317.063 317.065 317.066 317.067 317.070 317.071 317.072 317.073 317.074 317.075 317.076 NextLast modified: August 7, 2008