2021 Oregon Revised Statutes
Chapter 314 - Taxes Imposed Upon or Measured by Net Income
Section 314.406 - Penalty for promotion of abusive tax shelter.

2021 Oregon Revised Statutes

Volume : 08 - Revenue and Taxation

Chapter 314 - Taxes Imposed Upon or Measured by Net Income

Section 314.011 - Definitions; conformance with federal income tax law.

Section 314.029 - Application of Deficit Reduction Act of 1984 (P.L. 98-369) and Simplification of Imputed Interest Rules of 1985 (P.L. 99-121) to personal income tax.

Section 314.031 - Application of Deficit Reduction Act of 1984 (P.L. 98-369) and Simplification of Imputed Interest Rules of 1985 (P.L. 99-121) to corporate excise and income tax.

Section 314.033 - Application of federal Tax Reform Act of 1986 (P.L. 99-514).

Section 314.035 - Application of Omnibus Budget Reconciliation Act of 1987 (P.L. 100-203), Family Support Act of 1988 (P.L. 100-485) and Technical and Miscellaneous Revenue Act of 1988 (P.L. 100-647).

Section 314.037 - Application of P.L. 101-140, Omnibus Budget Reconciliation Act of 1989 (P.L. 101-239) and Omnibus Budget Reconciliation Act of 1991 (P.L. 101-508).

Section 314.039 - Application of P.L. 102-2, Comprehensive National Energy Policy Act of 1992 (P.L. 102-486), Unemployment Compensation Amendments of 1992 (P.L. 102-318), Tax Extension Act of 1991 (P.L. 102-227) and Emergency Unemployment Compensatio...

Section 314.041 - Application of Revenue Reconciliation Act of 1993 (P.L. 103-66), the Uruguay Round Agreements Act (P.L. 103-465) and P.L. 104-7.

Section 314.043 - Application of ICC Termination Act of 1995 (P.L. 104-88), P.L. 104-117, Omnibus Consolidated Rescissions and Appropriations Act of 1996 (P.L. 104-134), Small Business Job Protection Act of 1996 (P.L. 104-188), Health Insurance Porta...

Section 314.045 - Application of Taxpayer Relief Act of 1997 (P.L. 105-34), Taxpayer Browsing Protection Act (P.L. 105-35), Balanced Budget Act of 1997 (P.L. 105-33), Internal Revenue Service Restructuring and Reform Act of 1998 (P.L. 105-206), Trans...

Section 314.047 - Application of Tax Relief Extension Act of 1999 (P.L. 106-170) and FSC Repeal and Extraterritorial Income Exclusion Act of 2000 (P.L. 106-519).

Section 314.049 - Application of Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) and Job Creation and Worker Assistance Act of 2002 (P.L. 107-147).

Section 314.051 - Application of Veterans Benefit Act of 2002 (P.L. 107-330), Jobs and Growth Tax Relief Reconciliation Act of 2003 (P.L. 108-27), Military Family Tax Relief Act of 2003 (P.L. 108-121), Working Families Tax Relief Act of 2004 (P.L. 10...

Section 314.053 - Application of Deficit Reduction Act of 2005 (P.L. 109-171), Tax Increase Prevention and Reconciliation Act of 2005 (P.L. 109-222) and Pension Protection Act of 2006 (P.L. 109-280).

Section 314.055 - Application of Energy Independence and Security Act of 2007 (P.L. 110-140), Mortgage Forgiveness Debt Relief Act of 2007 (P.L. 110-142), Tax Increase Prevention Act of 2007 (P.L. 110-166) and Tax Technical Corrections Act of 2007 (P...

Section 314.057 - Application of Economic Stimulus Act of 2008 (P.L. 110-185), Heroes Earnings Assistance and Relief Tax Act of 2008 (P.L. 110-245), Food, Conservation, and Energy Act of 2008 (P.L. 110-246), Housing and Economic Recovery Act of 2008...

Section 314.059 - Application of American Recovery and Reinvestment Act of 2009 (P.L. 111-5).

Section 314.061 - Application of Consumer Assistance to Recycle and Save Act of 2009 (P.L. 111-32) and Worker, Homeownership, and Business Assistance Act of 2009 (P.L. 111-92).

Section 314.063 - Application of Federal Aviation Administration Air Transportation Modernization and Safety Improvement Act (P.L. 111-226), Patient Protection and Affordable Care Act (P.L. 111-148), Preservation of Access to Care for Medicare Benefi...

Section 314.075 - Evading requirements of law prohibited.

Section 314.085 - Taxable year; rules.

Section 314.091 - Abeyance of tax during periods of active duty military service.

Section 314.105 - Definitions for ORS 314.105 to 314.135.

Section 314.115 - Adjustment to correct effect of certain errors; use limited.

Section 314.125 - When adjustment may be made.

Section 314.135 - Computation; method of adjustment; credit or setoff limited; recovery after payment limited.

Section 314.140 - Adjustment of returns of related taxpayers after reallocation of income or deduction on federal return.

Section 314.255 - Collection of taxes due after revocation of certification of pollution control facility; exceptions to tax relief allowed for pollution control facility.

Section 314.256 - Lobbying expenditures; proxy tax; rules.

Section 314.258 - Withholding in certain conveyances of real estate; rules.

Section 314.260 - Taxation of real estate mortgage investment conduits.

Section 314.276 - Method of accounting.

Section 314.280 - Allocation of income of financial institution or public utility from business within and without state; rules; alternative apportionment for electing utilities or telecommunications taxpayers.

Section 314.287 - Costs allocable to inventory.

Section 314.297 - Election for alternative determination of farm income; computation of income; rules.

Section 314.300 - Passive activity loss; determination; treatment; rules.

Section 314.302 - Interest on deferred tax liabilities with respect to installment obligations; rules.

Section 314.306 - Income from discharge of indebtedness; bankruptcy; insolvency.

Section 314.307 - Definitions; reportable transactions.

Section 314.308 - Reportable transactions; rules.

Section 314.310 - Liability of transferee of taxpayer for taxes imposed on taxpayer.

Section 314.330 - Lien if grantor or other person determined to be owner of trust.

Section 314.360 - Information returns; penalties.

Section 314.362 - Filing return on magnetic media or other machine-readable form; rules.

Section 314.364 - Authority of department to require filing of returns by electronic means; rules.

Section 314.380 - Furnishing copy of federal or other state return or report; action required when return filed or changed or tax assessed.

Section 314.385 - Form of returns; time for filing; alternative filing formats; rules.

Section 314.395 - Time for payment of tax; interest on delayed return.

Section 314.400 - Penalty for failure to file report or return or to pay tax when due; interest; limitation on penalty.

Section 314.402 - Understatement of net tax; penalty; cost-of-living adjustment; waiver of penalty.

Section 314.403 - Listed transaction understatement; penalty.

Section 314.404 - Penalty for failure to report reportable transaction.

Section 314.406 - Penalty for promotion of abusive tax shelter.

Section 314.407 - Assessment of taxes owing but not submitted with return; time of assessment; recording of warrant.

Section 314.410 - Time limit for notice of deficiency; circumstances when claim for refund may be reduced after time limit; time limit for refund or notice of deficiency for pass-through entity items.

Section 314.412 - Issuing of notice of deficiency attributable to involuntary conversion; time limit.

Section 314.415 - Refunds; interest; credits.

Section 314.419 - Foreclosure of lien.

Section 314.423 - Status of lien.

Section 314.425 - Examining books, records or persons.

Section 314.430 - Warrant for collection of taxes.

Section 314.440 - Tax as debt; termination of taxable period and immediate assessment of tax.

Section 314.505 - Estimate of tax liability by corporations; rules.

Section 314.515 - Installment schedule for payment of estimated tax.

Section 314.518 - Estimated tax payments by electronic funds transfer; phase-in; rules.

Section 314.520 - State agency authority over certain electronic funds transfer payments.

Section 314.525 - Underpayment of estimated tax; interest; nonapplicability of penalties.

Section 314.605 - Short title; construction.

Section 314.610 - Definitions for ORS 314.605 to 314.675.

Section 314.620 - When taxpayer is considered taxable in another state.

Section 314.630 - Allocation to this state of net rents and royalties.

Section 314.635 - Allocation to this state of capital gains and losses.

Section 314.642 - Allocation to this state of lottery prizes.

Section 314.645 - Allocation to this state of patent and copyright royalties.

Section 314.647 - Policy.

Section 314.655 - Determination of property factor.

Section 314.660 - Determination of payroll factor.

Section 314.665 - Determination of sales factor; use of market sourcing; inclusions and exclusions; definitions.

Section 314.666 - Market for sales in this state.

Section 314.667 - Additional methods to determine extent of business activity in this state; rules.

Section 314.668 - Definitions.

Section 314.669 - Legislative findings; purposes.

Section 314.671 - Qualifying investment contract; duration; remedies.

Section 314.673 - Rules; report to Legislative Assembly.

Section 314.674 - Apportionment of broadcasting sales.

Section 314.712 - Partnerships not subject to income tax; exceptions.

Section 314.714 - Character of partnership income; procedure if partner’s treatment of item inconsistent with partnership treatment; rules.

Section 314.716 - Basis of partner’s interest; gain or loss on sale; election to adjust basis.

Section 314.718 - Treatment of contributions to partnership.

Section 314.720 - Treatment of distributions from partnership.

Section 314.722 - Publicly traded partnerships taxed as corporations.

Section 314.724 - Information return; penalty; rules.

Section 314.731 - Definitions.

Section 314.733 - Requirement to report adjustments from partnership-level audit or administrative adjustment request.

Section 314.735 - Time limit for notice of deficiency.

Section 314.737 - Time limit for claim for refund or credit.

Section 314.739 - Obligation or right of partner to report changes in taxable income or tax liability.

Section 314.761 - "C corporation" and "S corporation" defined for this chapter and ORS chapters 316, 317 and 318.

Section 314.762 - Taxation of S corporation; application of Internal Revenue Code; carryforward and carryback.

Section 314.763 - Taxation of shareholder’s income; computation; character of income, gain, loss or deduction.

Section 314.765 - Employee fringe benefits; foreign income.

Section 314.766 - Tax on built-in gain.

Section 314.767 - Tax on excess net passive income.

Section 314.768 - S corporation or shareholder elections; rules.

Section 314.770 - Disclosure of S corporation items to shareholder.

Section 314.771 - Recapture of LIFO benefits.

Section 314.772 - Business tax credits; allowance to shareholders.

Section 314.775 - Definitions for ORS 314.775 to 314.784.

Section 314.778 - Composite returns of pass-through entities; election; effect of election on nonresident owners.

Section 314.781 - Withholding; required returns and statements; pass-through entity liability.

Section 314.784 - Circumstances when pass-through entity withholding is not required; rules.

Section 314.835 - Divulging particulars of returns and reports prohibited.

Section 314.840 - Disclosure of information; persons to whom information may be furnished.

Section 314.843 - Reporting of information to consumer reporting agency; rules.

Section 314.865 - Use of certain information for private benefit prohibited.

Section 314.870 - Time for performing certain acts postponed by reason of service in a combat zone.

Section 314.991 - Penalties.