Oregon Statutes - Chapter 317 - Corporation Excise Tax

• 317.005   Short title.
  This chapter may be cited as the Corporation Excise Tax Law. [Amended by 2005 c.94 §83]
• 317.010   Definitions.
  As used in this chapter, unless the context requires otherwise: (1) “Centrally assessed corporation” means every corporation the property of which is assessed by the...
• 317.013   Adoption of parts of Internal Revenue Code and application of federal laws and regulations.
  (1) Those portions of the Internal Revenue Code, and any other laws of the United States pertaining to the determination of taxable income of corporate...
• 317.015   [Repealed by 1957 c.632 §1 (314.075 and 314.080 enacted in lieu of 316.025, 316.030, 317.015 and 317.020)]
• 317.016   [1967 c.274 §§2,3,5; 1975 c.705 §10; repealed by 1983 c.162 §57]
• 317.017   [1985 c.802 §48; repealed by 1997 c.839 §69]
• 317.018   Statement of purpose.
  It is the intent of the Legislative Assembly: (1) To make the Oregon corporate excise tax law, insofar as it relates to the measurement of...
• 317.019   Application of Payment-in-kind Tax Treatment Act of 1983.
  The Payment-in-kind Tax Treatment Act of 1983 (P.L. 98-4, as amended by section 1061 of P.L. 98-369) shall apply in deriving Oregon taxable income under this...
• 317.020   [Repealed by 1957 c.632 §1 (314.075 and 314.080 enacted in lieu of 316.025, 316.030, 317.015 and 317.020)]
• 317.021   [1985 c.802 §60; 1987 c.293 §34; renumbered 314.031 in 1993]
• 317.022   [1983 c.162 §41; 1984 c.1 §8; repealed by 2005 c.94 §84]
• 317.025   Omission of previously enacted savings clauses from Oregon Revised Statutes.
  The omission from the Oregon Revised Statutes of those statutes which were part of Acts amending the statutes that constitute the source of this chapter...
• 317.030   Effect of chapter.
  Nothing in this chapter shall be construed to repeal the present capital stock tax or annual corporation license fee otherwise provided for by law.
• 317.035   Effect of subsequent repeal of chapter.
  In the event of repeal of this chapter, unless otherwise specifically provided in the repeal, this chapter shall remain in full force for the assessment,...
• 317.038   Computation of Oregon taxable history.
  (1) Nothing contained in this chapter shall be construed to require a corporation to include an item of income, or to permit a corporation to...
• 317.045   [1989 c.625 §19; repealed by 1991 c.457 §24]
• 317.055   [Amended by 1957 c.607 §1; subsection (2) of 1961 Replacement Part derived from 1957 c.607 §11 and 1957 s.s. c.5 §1; 1963 c.571 §2; repealed by 1975 c.368 §8]
• 317.056   Financial corporations; applicable taxes.
  Except as otherwise required by federal law, every financial corporation located within this state shall be subject to county, city, district, political subdivision and all...
• 317.057   Exemption of certain out-of-state financial institutions from tax; exception.
  (1) As used in this section: (a) “Extranational institution” has the meaning given that term in ORS 706.008; (b) “Foreign association” means a foreign association...
• 317.060   [Amended by 1957 c.607 §2; subsection (2) of 1961 Replacement Part derived from 1957 c.607 §11 and 1957 s.s. c.5 §1; 1963 c.571 §3; repealed by 1975 c.368 §8]
• 317.061   Tax rate.
  The rate of the tax imposed by and computed under this chapter is six and six-tenths percent. [1975 c.368 §2; 1983 c.162 §5; 1987 c.293
• 317.063   Tax rate imposed on certain long-term capital gain from farming; requirements.
  (1) As used in this section: (a) “Farming” means: (A) Raising, harvesting and selling crops; (B) Feeding, breeding, managing or selling livestock, poultry, fur-bearing animals...
• 317.065   [Repealed by 1975 c.368 §8]
• 317.066   [1977 c.597 §2; repealed by 1983 c.162 §57]
• 317.067   Tax on homeowners association income.
  (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...
• 317.070   Tax on centrally assessed, mercantile, manufacturing and business corporations.
  Every centrally assessed corporation, the property of which is assessed by the Department of Revenue under ORS 308.505 to 308.665, and every mercantile, manufacturing and...
• 317.071   [1977 c.887 §8; 1981 c.778 §40; 1981 c.894 §30; renumbered 317.111]
• 317.072   [1967 c.592 §9; 1969 c.340 §3; 1973 c.831 §9; 1977 c.795 §12; 1977 c.866 §11; 1981 c.408 §2; 1983 c.637 §7; renumbered 317.116]
• 317.073   [1959 c.631 §6; repealed by 1969 c.520 §49]
• 317.074   [1955 c.592 §2; 1957 c.607 §4; subsection (5) derived from 1957 c.607 §11 and 1957 s.s. c.5 §1; repealed by 1969 c.520 §49]
• 317.075   [Repealed by 1955 c.592 §4]
• 317.076   [1969 c.600 §9; renumbered 317.122]
• 317.077   [1977 c.839 §10; 1979 c.439 §2; renumbered 317.128]
• 317.078   [1969 c.600 §5; 1983 c.162 §35; renumbered 317.650]
• 317.080   Exempt corporations.
  The following corporations are exempt from the taxes imposed by this chapter: (1) Organizations described in subsection (c) and subsection (j) of section 501 of...
• 317.083   [1981 c.778 §36; renumbered 317.386]
• 317.084   [1987 c.911 §8e; repealed by 2005 c.80 §7]
• 317.085   [Repealed by 1957 c.607 §10]
• 317.087   [1981 c.720 §18; renumbered 317.133]
• 317.090   Minimum tax.
  Each taxpayer named in ORS 317.056 or 317.070 shall pay annually to the state, for the privilege of carrying on or doing business by it...
• 317.092   Exemption of payments to tenant of manufactured dwelling park upon termination of rental agreement.
  Amounts received by a taxpayer under ORS 90.645 (1) are exempt from the taxes imposed by this chapter. [2007 c.906 §14] Note: Section 1, chapter...
• 317.095   [1955 c.592 §§3,6; repealed by 1965 c.479 §1 (317.096 enacted in lieu of 317.095)]
• 317.096   [1965 c.479 §2 (enacted in lieu of 317.095); repealed by 1983 c.162 §57]
• 317.097   Lending institution loans for housing.
  (1) A credit against taxes otherwise due under this chapter for the taxable year shall be allowed to a lending institution in an amount equal...
• 317.098   [1979 c.561 §6; 1983 c.162 §8; renumbered 317.392]
• 317.099   [1989 c.1071 §§10,10a; repealed by 1991 c.863 §69]
• 317.100   [1979 c.483 §2; repealed by 1989 c.626 §12]
• 317.102   [1979 c.578 §9; 1985 c.749 §2; 1987 c.605 §2; 1989 c.887 §2; 1991 c.714 §7; 1991 c.877 §24; repealed by 1993 c.730 §7 (315.104 enacted in lieu of 316.094, 317.102 and 318.110)]
• 317.103   [1981 c.894 §§15,16; 1989 c.765 §4; 1991 c.457 §10; repealed by 1993 c.730 §35 (315.356 enacted in lieu of 316.141, 316.142 and 317.103)]
• 317.104   [1979 c.512 §14; 1981 c.894 §13; 1989 c.765 §5; 1991 c.711 §7; repealed by 1993 c.730 §33 (315.354 enacted in lieu of 316.140 and 317.104)]
• 317.105   [Repealed by 1983 c.162 §57]
• 317.106   [1985 c.684 §14; 1989 c.765 §6; 1989 c.958 §11; repealed by 1993 c.730 §31 (315.324 enacted in lieu of 316.103 and 317.106)]
• 317.110   [Amended by 1953 c.385 §9; 1973 c.233 §1; repealed by 1983 c.162 §57]
• 317.111   Weatherization loan interest; commercial lending institutions.
  (1) A credit against taxes otherwise due under this chapter for the taxable year shall be allowed commercial lending institutions in an amount equal to...
• 317.112   Energy conservation loans to residential fuel oil customers or wood heating residents; rules.
  (1) A credit against taxes otherwise due under this chapter for the taxable year shall be allowed to a commercial lending institution in an amount...
• 317.113   [1987 c.591 §15; 1989 c.381 §§9,12,15; 1991 c.877 §§25,26,27; 1991 c.916 §§21,22,23; 1993 c.18 §§83,84,85; repealed by 1997 c.170 §33]
• 317.114   [1987 c.682 §6; 1991 c.877 §28; 1991 c.929 §2; repealed by 1993 c.730 §23 (315.208 enacted in lieu of 316.132, 317.114 and 318.160)]
• 317.115   Alternative fuel vehicle fueling stations.
  (1) A business tax credit is allowed against the taxes otherwise due under this chapter based upon costs paid or incurred for construction or installation...
• 317.116   [Formerly 317.072; 1987 c.596 §3; 1989 c.802 §3; repealed by 1993 c.730 §29 (315.304 enacted in lieu of 316.097 and 317.116)]
• 317.120   [1969 c.681 §5; repealed by 1983 c.162 §57]
• 317.122   Insurers; amounts paid for certain taxes and assessments.
  (1) A credit against taxes imposed by this chapter shall be allowed insurers for the gross premium tax paid on fire insurance premiums in accordance...
• 317.124   Long term enterprise zone facilities.
  (1) As used in this section: (a) “Facility” has the meaning given that term in ORS 285C.400. (b) “Payroll costs” means the costs of paying...
• 317.125   Other tax credits limited; exception.
  Notwithstanding any other provision of law creating a tax credit against corporate excise or income taxes, a taxpayer claiming a tax credit under ORS 317.124...
• 317.127   Long Term Enterprise Zone Fund.
  (1) The Long Term Enterprise Zone Fund is established, separate and distinct from the General Fund. (2) Amounts credited to the Long Term Enterprise Zone...
• 317.128  
  [Formerly 317.077; repealed by 1987 c.769 §20]
• 317.129   Tax payments of long term enterprise zone facilities credit claimants.
  Notwithstanding ORS 317.850, corporate income or excise tax payments of a taxpayer allowed a tax credit under ORS 317.124 shall be deposited in the Long...
• 317.131   Distribution of funds to local governments.
  (1) For each tax year in which a taxpayer is allowed a credit under ORS 317.124, the Department of Revenue shall distribute to the local...
• 317.133   [Formerly 317.087; 1985 c.802 §22; 1991 c.877 §29; repealed by 1993 c.730 §9 (315.134 enacted in lieu of 316.084, 317.133 and 318.080)]
• 317.134   [1991 c.928 §4; repealed by 1993 c.730 §25 (315.234 enacted in lieu of 316.133 and 317.134)]
• 317.135   [1987 c.682 §5; 1989 c.625 §20; 1991 c.457 §11; 1991 c.877 §31; repealed by 1993 c.730 §21 (315.204 enacted in lieu of 316.134, 317.135 and 318.175)]
• 317.140   [1987 c.911 §8d; 1991 c.877 §32; repealed by 1993 c.730 §37 (315.504 enacted in lieu of 316.104 and 317.140)]
• 317.141   [1991 c.859 §6; repealed by 1993 c.730 §27 (315.254 enacted in lieu of 316.151, 317.141 and 318.085)]
• 317.142   [1989 c.893 §§5,6; repealed by 1991 c.877 §41]
• 317.145   [1989 c.924 §4; 1991 c.858 §11; 1991 c.877 §33; repealed by 1993 c.730 §11 (315.138 enacted in lieu of 316.139 and 317.145)]
• 317.146   [1989 c.963 §4; 1991 c.766 §4; 1991 c.877 §34; repealed by 1993 c.730 §19 (315.164 enacted in lieu of 316.154 and 317.146)]
• 317.147   Farmworker housing loans; credit transfers; rules.
  (1) As used in this section: (a) “Farmworker housing” has the meaning given that term in ORS 315.163. (b) “Lending institution” means a bank, mortgage...
• 317.148   [1985 c.521 §2; 1991 c.877 §30; repealed by 1993 c.730 §17 (315.156 enacted in lieu of 316.091, 317.148 and 318.104)]
• 317.149   [1991 c.652 §10; repealed by 1993 c.730 §39 (315.604 enacted in lieu of 316.155 and 317.149)]
• 317.150   [1985 c.438 §4; 1991 c.877 §23; repealed by 1993 c.730 §13 (315.148 enacted in lieu of 316.098, 317.150 and 318.102)]
• 317.151   Contributions of computers or scientific equipment for research to educational organizations.
  (1) A credit is allowed against the taxes otherwise due under this chapter. The amount of the credit shall equal 10 percent of the fair...
• 317.152   Qualified research activities credit.
  (1) A credit against taxes otherwise due under this chapter shall be allowed to eligible taxpayers for increases in qualified research expenses and basic research...
• 317.153   Qualified research activities; election between credits; rules.
  A taxpayer may elect to claim the credit allowed under ORS 317.152 or the credit allowed under ORS 317.154, but may not claim both credits...
• 317.154   Alternative qualified research activities credit.
  (1) A credit against taxes otherwise due under this chapter shall be allowed for qualified research expenses that exceed 10 percent of Oregon sales. (2)...
• 317.155   [Amended by 1969 c.600 §10; repealed by 1983 c.162 §57]
• 317.156   [1967 c.274 §4; repealed by 1983 c.162 §57]
• 317.160   [Repealed by 1983 c.162 §57]
• 317.165   [Amended by 1981 c.812 §2; repealed by 1983 c.162 §57]
• 317.170   [Amended by 1955 c.99 §1; subsection (3) derived from 1955 c.99 §2; 1981 c.812 §1; repealed by 1983 c.162 §57]
• 317.175   [Amended by 1955 c.128 §1; subsection (4) derived from 1955 c.128 §2; repealed by 1983 c.162 §57]
• 317.180   [Repealed by 1957 c.632 §1 (314.280 enacted in lieu of 316.205 and 317.180)]
• 317.185   [Repealed by 1957 c.632 §1 (314.285 enacted in lieu of 316.210 and 317.185)]
• 317.190   Effect on reporting income.
  In the case of the dissolution of a taxpayer, gains, profits and income are to be returned for the tax year in which they are...
• 317.195   Effect on deductions allowed.
  In the case of the dissolution of a taxpayer there shall be allowed as deductions for the taxable period in which the taxpayer dissolved, regardless...
• 317.197   [1969 c.600 §§3,4,6; 1973 c.402 §22; 1981 c.705 §4; 1983 c.162 §32; renumbered 317.655]
• 317.199   [1969 c.600 §7; 1983 c.162 §33; renumbered 317.660]
• 317.205   [Repealed by 1959 c.389 §1 (317.206 enacted in lieu of 317.205)]
• 317.206   [1959 c.389 §2 (enacted in lieu of 317.205); subsection (4) derived from 1959 c.389 §11; 1971 c.283 §3; repealed by 1983 c.162 §57]
• 317.210   [Repealed by 1983 c.162 §57]
• 317.215   [Amended by 1953 c.385 §9; 1957 c.338 §1; part of subsections (10) and (11) of 1957 Replacement Part derived from 1957 c.338 §3; repealed by 1959 c.389 §3 (317.216 enacted in lieu of 317.215)]
• 317.216   [1959 c.389 §4 (enacted in lieu of 317.215); last sentence derived from 1959 c.389 §11; 1969 c.103 §2; 1969 c.493 §92; 1971 c.283 §4; 1977 c.866 §5; repealed by 1983 c.162 §57]
• 317.220   [Amended by 1953 c.385 §9; 1975 c.650 §3; 1977 c.795 §13; repealed by 1983 c.162 §57]
• 317.225   [Amended by 1981 c.705 §5; repealed by 1983 c.162 §57]
• 317.228   [1969 c.681 §6; repealed by 1983 c.162 §57]
• 317.230   [Amended by 1953 c.385 §9; repealed by 1959 c.389 §5 (317.231 enacted in lieu of 317.230)]
• 317.231   [1959 c.389 §6 (enacted in lieu of 317.230); subsection (9) derived from 1959 c.389 §11; repealed by 1983 c.162 §57]
• 317.235   [Repealed by 1959 c.389 §7 (317.236 enacted in lieu of 317.235 and 317.240)]
• 317.236   [1959 c.389 §8 (enacted in lieu of 317.235 and 317.240); subsection (7) derived from 1959 c.389 §11; repealed by 1983 c.162 §57]
• 317.238   [1965 c.460 §2; 1981 c.812 §3; repealed by 1983 c.162 §57]
• 317.239   [1965 c.460 §§3,4; repealed by 1981 c.812 §4]
• 317.240   [Repealed by 1959 c.389 §7 (317.236 enacted in lieu of 317.235 and 317.240)]
• 317.241   [1959 c.389 §10 (enacted in lieu of 317.242); subsection (4) derived from 1959 c.389 §11; 1969 c.493 §93; repealed by 1983 c.162 §57]
• 317.242   [1953 c.385 §9; repealed by 1959 c.389 §9 (317.241 enacted in lieu of 317.242)]
• 317.245   [Repealed by 1983 c.162 §57]
• 317.247   [1955 c.354 §2; 1957 c.338 §2; part of subsection (4) derived from 1957 c.338 §3; subsection (5) enacted as 1963 c.180 §2; 1969 c.128 §1; repealed by 1983 c.162 §57]
• 317.248   [1971 c.283 §2; repealed by 1983 c.162 §57]
• 317.249   [1953 c.385 §9; 1975 c.705 §5; repealed by 1983 c.162 §57]
• 317.250   [Amended by 1953 c.385 §9; repealed by 1975 c.705 §12]
• 317.251   [1965 c.154 §4; 1969 c.493 §94; 1979 c.580 §1; repealed by 1983 c.162 §57]
• 317.252   [1965 c.178 §4; repealed by 1983 c.162 §57]
• 317.255   [Amended by 1953 c.385 §9; 1979 c.517 §1; repealed by 1983 c.162 §57]
• 317.256   [1955 c.609 §2; 1979 c.517 §2; repealed by 1983 c.162 §57]
• 317.259   Modifications generally.
  Federal taxable income, adopted under ORS 317.013 and 317.018, shall be modified as provided by law. Each modification authorized under law shall be allowed only...
• 317.260   [Repealed by 1983 c.162 §57]
• 317.262   [1953 c.385 §9; repealed by 1983 c.162 §57]
• 317.265   [Amended by 1955 c.422 §1; subsection (4) derived from 1955 c.422 §2; 1957 c.607 §5; subsection (5) derived from 1957 c.607 §11 and 1957 s.s. c.5 §1; repealed by 1983 c.162 §57]
• 317.267   Dividends received by corporation from certain other corporations.
  (1) To derive Oregon taxable income, there shall be added to federal taxable income amounts received as dividends from corporations deducted for federal purposes pursuant...
• 317.270   [Amended by 1957 c.88 §1; repealed by 1983 c.162 §57]
• 317.273   Dividend income received by domestic corporation from certain foreign corporations.
  To derive Oregon taxable income, there shall be subtracted from federal taxable income dividend income with respect to the “gross-up” provisions of section 78 of...
• 317.275   [Repealed by 1983 c.162 §57]
• 317.277   [1977 c.506 §2; repealed by 1983 c.162 §57]
• 317.280   [Amended by 1953 c.385 §9; 1955 c.584 §1; repealed by 1983 c.162 §57]
• 317.281   [1983 c.162 §14a; 1985 c.802 §22a; repealed by 1989 c.625 §81]
• 317.283   Nonrecognition of transactions with related domestic international sales corporation.
  (1) To derive Oregon taxable income, federal taxable income shall be modified to the extent necessary to not recognize for Oregon tax purposes any transaction...
• 317.285   [Amended by 1957 s.s. c.15 §9; 1971 c.724 §1; 1977 c.89 §1; 1981 c.613 §4; 1983 c.162 §29; renumbered 317.368]
• 317.286   Nonrecognition of transactions with related foreign sales corporation.
  (1) To derive Oregon taxable income, federal taxable income shall be modified to the extent necessary to not recognize for Oregon tax purposes any transaction...
• 317.287   [1961 c.608 §4; repealed by 1975 c.705 §12]
• 317.288   [1983 c.162 §15; repealed by 1984 c.1 §18]
• 317.290   [Amended by 1983 c.162 §30; renumbered 317.374]
• 317.292   [1957 c.19 §2; repealed by 1983 c.162 §57]
• 317.295   [Amended by 1953 c.385 §9; 1955 c.722 §1; 1961 c.565 §1; subsection (4) enacted as 1961 c.565 §2; 1971 c.246 §1; repealed by 1983 c.162 §57]
• 317.296   [1983 c.162 §16; repealed by 1984 c.1 §18]
• 317.297   [1957 s.s. c.15 §§11,12; 1959 c.92 §2; 1983 c.162 §36; renumbered 317.476]
• 317.298   [1961 c.505 §§2,3; 1969 c.493 §95; 1979 c.580 §2; repealed by 1983 c.162 §57]
• 317.299   [1969 c.600 §8; 1983 c.162 §34; renumbered 317.665]
• 317.300   [Amended by 1953 c.385 §9; repealed by 1983 c.162 §57]
• 317.303   Deduction or adjustment for certain federal credits.
  If a taxpayer has taken a federal credit, which requires as a condition of the use of the federal credit the reduction of a corresponding...
• 317.304   Addition for unused qualified business credits.
  There shall be added to federal taxable income the amount taken as a deduction on the taxpayer’s federal return for unused qualified business credits under...
• 317.305   [1957 c.74 §2; repealed by 1983 c.162 §57]
• 317.307   Reduction for charitable contribution deduction under federal law; subtraction.
  There shall be subtracted from federal taxable income the amount by which a corporation must reduce its charitable contribution deduction under section 170(d)(2)(B) of the...
• 317.309   Interest and dividends received from obligations of state or political subdivision.
  (1) To derive Oregon taxable income, there shall be added to federal taxable income the amount of any interest or dividends received during the taxable...
• 317.310   Balance in bad debt reserve of financial institution which has changed from reserve method to specific charge-off method of accounting.
  (1) To derive Oregon taxable income of a financial institution which has changed from the reserve method of accounting to the specific charge-off method of...
• 317.311   Application of section 243 of Tax Reform Act of 1986.
  Section 243 of the Tax Reform Act of 1986 (P.L. 99-514) does not apply for purposes of determining taxable income under this chapter. [1987 c.293...
• 317.312   Federal depreciation expenses of certain health care service contractors.
  To derive Oregon taxable income, for certain health care service contractors for which federal tax exempt status was denied by section 501(m) of the Internal...
• 317.314   Taxes on net income or profits imposed by any state or foreign country; nondeductible taxes and license fees; taxes paid to foreign country for certain income.
  (1) To derive Oregon taxable income, there shall be added to federal taxable income taxes upon or measured by net income or profits imposed by...
• 317.319   Capital Construction Fund; deferred income; nonqualified withdrawals.
  To derive Oregon taxable income: (1) There shall be added to federal taxable income an amount equal to the amount of income which the taxpayer...
• 317.320   [1969 c.493 §73; 1973 c.402 §23; repealed by 1983 c.162 §57]
• 317.322   Addition of long term care insurance premiums if credit is claimed.
  The amount of any long term care insurance premiums paid or incurred by a taxpayer during the tax year shall be added to taxable income...
• 317.325   [1973 c.115 §5; repealed by 1983 c.162 §57]
• 317.326   [1983 c.162 §21; repealed by 2001 c.509 §19]
• 317.327   Modification of taxable income when deferred gain is recognized as result of out-of-state disposition of property; rules.
  (1) If gain is deferred upon the voluntary or involuntary disposition of property in an exchange that qualifies for deferral under section 1031 or 1033...
• 317.328   [1979 c.414 §4; 1983 c.162 §31; renumbered 317.381]
• 317.329   Basis for stock acquisition.
  A corporation shall have the same basis for state excise or income tax purposes as for federal income tax purposes for assets: (1) If the...
• 317.330   [1973 c.753 §5; repealed by 1979 c.414 §7]
• 317.333   [1983 c.162 §22; repealed by 1987 c.293 §70]
• 317.335   [1973 c.753 §6; repealed by 1979 c.414 §7]
• 317.339   [1983 c.162 §23; repealed by 1984 c.1 §18]
• 317.342   [1985 c.802 §49; repealed by 1997 c.839 §69]
• 317.344   Net operating loss carryback and carryover.
  There shall be added to federal taxable income the amount of any net operating loss carryback or carryover allowed in arriving at federal taxable income....
• 317.349   Transaction treated as lease purchase under federal law.
  To derive Oregon taxable income, federal taxable income shall be modified to the extent necessary to not treat as a lease purchase or in any...
• 317.350   [1959 c.631 §§4,5; repealed by 1983 c.162 §57]
• 317.351   ORS 317.349 not applicable to finance leases.
  Notwithstanding ORS 317.349, finance leases as described in section 168(f)(8) of the Internal Revenue Code, as that section was amended and in effect for purposes...
• 317.355   [Repealed by 1957 c.632 §1 (314.385 enacted in lieu of 316.545 and 317.355)]
• 317.356   Basis on disposition of asset; adjustments to reflect depreciation, depletion, other cost recovery, federal credits and other differences in Oregon and federal basis.
  (1) Upon the taxable sale, exchange or disposition of any asset, federal taxable income shall be increased or decreased by an amount that will reflect...
• 317.360   [Repealed by 1975 c.760 §3]
• 317.362   Reversal of effect of gain or loss in case of timber, coal, domestic iron ore.
  To derive Oregon taxable income, federal taxable income shall be modified to reverse the effect of section 631 of the Internal Revenue Code. [1983 c.162
• 317.365   [Repealed by 1957 c.632 §1 (314.365 enacted in lieu of 316.550 and 317.365)]
• 317.368   [Formerly 317.285; 1984 c.1 §12; 1985 c.802 §26; repealed by 1999 c.580 §10]
• 317.370   [Repealed by 1957 c.632 §1 (314.420 enacted in lieu of 316.620, 317.370 and 317.420)]
• 317.374   Depletion.
  (1) To the extent that the amount allowed as a deduction for depletion under section 611 of the Internal Revenue Code exceeds, or is less...
• 317.375   [Repealed by 1957 c.632 §1 (314.295 enacted in lieu of 316.560 and 317.375)]
• 317.377   [1989 c.625 §23; 1993 c.726 §45; renumbered 317.479 in 1995]
• 317.379   Exemption of income from exercise of Indian fishing rights.
  Income derived from the exercise of rights of any Indian tribe to fish secured by treaty, Executive order or Act of Congress is exempt from...
• 317.380   [Repealed by 1957 c.632 §1 (314.380 enacted in lieu of 316.565 and 317.380)]
• 317.381   [Formerly 317.328; 1985 c.802 §27; repealed by 1987 c.293 §70]
• 317.383   Underground storage tank pollution prevention or essential services grant.
  In addition to the modifications to federal taxable income contained in this chapter, there shall be subtracted from federal taxable income the amount of any...
• 317.386   Energy conservation payments exempt.
  Any amount received as a cash payment for energy conservation measures under ORS 469.631 to 469.687 is exempt from the tax imposed under this chapter....
• 317.388   Claim of right income repayment adjustment when credit is claimed.
  There shall be added to federal taxable income any amount taken as a deduction under section 1341 of the Internal Revenue Code in computing federal...
• 317.390   [Amended by 1957 c.607 §6; 1959 c.156 §2; subsection (3) derived from 1959 c.156 §3; repealed by 1969 c.166 §8]
• 317.391   Small city business development exemption.
  (1) For each tax year in which a business firm has received an annual certification for a facility under ORS 285C.506, the income of the...
• 317.392   [Formerly 317.098; repealed by 1993 c.475 §3]
• 317.394   Qualifying film production labor rebates.
  If the amount received as a labor rebate under section 1, chapter 559, Oregon Laws 2005, is included in federal taxable income for federal tax...
• 317.395   [Amended by 1957 c.607 §7; renumbered 317.504]
• 317.398   Qualified production activities income.
  A taxpayer that is allowed a deduction for qualified production activities income under section 199 of the Internal Revenue Code for federal tax purposes shall...
• 317.401   Addition for federal prescription drug plan subsidies excluded for federal tax purposes.
  A taxpayer that is allowed an exclusion from gross income under section 139A of the Internal Revenue Code for federal tax purposes shall add the...
• 317.405   [Amended by 1955 c.587 §1; repealed by 1957 c.632 §1 (314.405 enacted in lieu of 316.605 and 317.405)]
• 317.410   [Amended by 1953 c.385 §9; 1955 c.581 §2; 1957 c.20 §1; repealed by 1957 c.632 §1 (314.410 enacted in lieu of 316.610 and 317.410)]
• 317.415   [Amended by 1953 c.385 §9; 1955 c.581 §1; repealed by 1957 c.632 §1 (314.415 enacted in lieu of 316.615 and 317.415)]
• 317.420   [Amended by 1955 c.356 §1; repealed by 1957 c.632 §1 (314.420 enacted in lieu of 316.620, 317.370 and 317.420)]
• 317.425   [Repealed by 1957 c.632 §1 (314.425 enacted in lieu of 316.625 and 317.425)]
• 317.430   [Repealed by 1957 c.632 §1 (314.430 enacted in lieu of 316.630 and 317.430)]
• 317.435   [Repealed by 1957 c.632 §1 (314.435 enacted in lieu of 316.635 and 317.435)]
• 317.440   [Repealed by 1957 c.632 §1 (314.440 enacted in lieu of 316.640, 317.440 and 317.445)]
• 317.445   [Repealed by 1957 c.632 §1 (314.440 enacted in lieu of 316.640, 317.440 and 317.445)]
• 317.450   [Amended by 1957 c.607 §8; 1961 c.504 §4; repealed by 1969 c.166 §8]
• 317.455   [Repealed by 1957 c.632 §1 (314.445 enacted in lieu of 316.650 and 317.455)]
• 317.460   [Repealed by 1957 c.632 §1 (subsections (1) and (2) of 314.450 enacted in lieu of 316.655 and 317.460)]
• 317.465   [Repealed by 1957 c.632 §1 (314.455 enacted in lieu of 316.660 and 317.465)]
• 317.470   [Amended by 1953 c.385 §9; 1955 c.585 §1; repealed by 1957 c.632 §1 (314.460 enacted in lieu of 316.665 and 317.470)]
• 317.475   [Repealed by 1957 c.632 §1 (314.465 enacted in lieu of 316.670 and 317.475)]
• 317.476   Net losses of prior years.
  (1) In computing Oregon taxable income there shall be allowed as a deduction an amount equal to the aggregate of the Oregon net losses of...
• 317.478   Pre-change and built-in losses.
  (1) That portion of the pre-change and built-in losses which the taxpayer deducted pursuant to section 382 of the Internal Revenue Code shall be added...
• 317.479   Limitation on use of preacquisition losses to offset built-in gain.
  (1) Preacquisition losses, as described under section 384 of the Internal Revenue Code, to the extent allocated or apportioned to Oregon, with the additions, subtractions,...
• 317.480   [Repealed by 1957 c.632 §1 (314.470 enacted in lieu of 316.675 and 317.480)]
• 317.485   Loss carryforward after reorganization; construction.
  Unless specifically required otherwise under this chapter, nothing in this chapter shall be construed to require that after a reorganization a loss carryforward may be...
• 317.488   Qualified donations and sales to educational institutions.
  (1) As used in this section: (a) “Educational institution” means: (A) A public common or union high school district; (B) A private school that has...
• 317.504   Date return considered filed or advance payment considered made.
  A return filed before the last day prescribed by law for the filing thereof shall be considered as filed on the last day. An advance...
• 317.505   [Repealed by 1957 c.632 §1 (314.805 enacted in lieu of 316.705 and 317.505; and 314.815 enacted in lieu of 316.720 and 317.505)]
• 317.510   Requiring additional reports and information.
  The Department of Revenue may order additional reports or such other information it deems necessary in addition to the regular reports provided in this chapter....
• 317.514   [1983 c.162 §37; repealed by 1984 c.1 §18]
• 317.515   [Renumbered 317.845]
• 317.520   [Repealed by 1957 c.632 §1 (314.820 enacted in lieu of 316.725 and 317.520)]
• 317.525   [Repealed by 1957 c.632 §1 (314.825 enacted in lieu of 316.730 and 317.525)]
• 317.530   [Repealed by 1957 c.632 §1 (314.830 enacted in lieu of 316.735 and 317.530)]
• 317.535   [Amended by 1957 c.76 §1; repealed by 1957 c.632 §1 (314.835 enacted in lieu of 316.740 and 317.535)]
• 317.540   [Repealed by 1957 c.632 §1 (314.840 enacted in lieu of 316.745 and 317.540)]
• 317.545   [Repealed by 1957 c.632 §1 (314.845 enacted in lieu of 316.750 and 317.545)]
• 317.550   [Repealed by 1957 c.632 §1 (314.855 enacted in lieu of 316.760 and 317.550)]
• 317.590   [Amended by 1953 c.309 §2; 1955 c.35 §1; 1957 c.528 §4; renumbered 317.850]
• 317.605   [Amended by 1953 c.331 §2; renumbered 314.210]
• 317.610   [Renumbered 314.220]
• 317.615   [Renumbered 314.230]
• 317.625   Income from sources without the United States.
  Income from sources without the United States, as defined in section 862 of the Internal Revenue Code, shall be accounted for in the computation of...
• 317.635   Domestic international sales corporation.
  Except as provided in ORS 317.283, a domestic international sales corporation, commonly referred to as “DISC,” as defined in section 992 of the Internal Revenue...
• 317.650   Insurers; depreciation and basis provisions; confidentiality of returns; calendar year filing of returns required.
  (1) ORS 317.356, relating to depreciation and basis, shall be applicable to every insurer. (2) Notwithstanding ORS 314.835 or 314.840 or any other law concerning...
• 317.655   Taxable income of insurer; computation; exclusion for certain life insurance or annuity accounts.
  (1) For purposes of the tax imposed under ORS 317.070, the Oregon taxable income of an insurer shall be the insurer’s “net gain from operations”...
• 317.660   Allocation of net income where insurer has both in-state and out-of-state business.
  (1)(a) If the income of an insurer is derived from business done both within and without this state, the determination of Oregon taxable income shall...
• 317.665   Oregon net losses of insurer in prior years.
  In computing Oregon taxable income, an insurer shall be allowed as a deduction an amount equal to the aggregate Oregon net losses of prior years...
• 317.705   Definitions.
  As used in ORS 317.705 to 317.715: (1) “Affiliated group” means an affiliated group of corporations as defined in section 1504 of the Internal Revenue...
• 317.710   Corporation tax return requirements.
  (1) A corporation shall make a return with respect to the tax imposed by this chapter as provided in this section. (2) If the corporation...
• 317.713   Group losses as offset to income of subsidiary paying preferred dividends.
  If the use of group losses to offset income of a subsidiary paying dividends on preferred stock is limited under section 1503(f) of the Internal...
• 317.715   Tax return of corporation in affiliated group making consolidated federal return.
  (1) If a corporation required to make a return under this chapter is a member of an affiliated group of corporations making a consolidated federal...
• 317.720   Computation of taxable income; excess loss accounts.
  (1) To derive Oregon taxable income, there shall be subtracted from federal taxable income the amount of the excess loss account included under Treasury Regulations...
• 317.725   Adjustments to prevent double taxation or deduction; rules.
  (1)(a) If any provision of the Internal Revenue Code or of ORS 317.705 to 317.715, relating to the use of consolidated federal returns, requires that...
• 317.845   [Formerly 317.515; repealed by 1985 c.761 §27]
• 317.850   Disposition of revenue.
  The net revenue from the tax imposed by this chapter, after deduction of refunds, shall be paid over to the State Treasurer and held in...
• 317.910   [1959 c.356 §3; repealed by 1983 c.162 §57]
• 317.920   Tax imposed on unrelated business income of certain exempt corporations.
  (1) Notwithstanding ORS 317.080, a corporation otherwise exempt from tax under ORS 317.080 (1), (2), (3), (4), (7) or (9) shall be subject to the...
• 317.930   Exceptions and limitations.
  In addition to the exclusions and modifications contained in section 512(b) of the Internal Revenue Code, in determining unrelated business taxable income: (1) There shall...
• 317.940   [1959 c.356 §5; repealed by 1983 c.162 §57]
• 317.950   Assessment of deficiency.
  If the Department of Revenue finds that unrelated business taxable income, or any portion thereof, has not been assessed, it may, at any time within...
• 317.990   [Repealed by 1957 c.632 §1 (314.991 enacted in lieu of 316.990 and 317.990)]
• 317.991   Civil penalty; noncompliance with ORS 317.097 relating to credit for housing rehabilitation loans.
  (1) The Director of the Housing and Community Services Department may assess a civil penalty against any project owner in an amount not to exceed...

Last modified: August 7, 2008