2021 Oregon Revised Statutes
Chapter 317 - Corporation Excise Tax
Section 317.131 - Distribution of funds to local governments.


(2)(a) Amounts to be distributed under subsection (1) of this section shall be distributed to the local taxing districts of the code area in which the facility is located that are not school districts, education service districts, community college districts or community college service districts.
(b) If the facility is located in more than one code area, amounts to be distributed under subsection (1) of this section shall be allocated to each code area in which the facility is located, based on the ratio of the real market value of the facility in each code area to the total real market value of the facility.
(c) The amount distributed to each district under subsection (1) of this section shall be the amount that bears the same proportion to the total amount to be distributed under this section as the proportion of the operating tax billing rate of the district receiving distribution bears to the total operating tax billing rate of all of the local taxing districts described in paragraph (a) of this subsection.
(d) Notwithstanding paragraph (b) of this subsection, the amount distributed to a local taxing district under subsection (1) of this section for a fiscal year may not exceed the amount of property taxes forgone by that district as a result of the exemption from property tax under ORS 285C.409 in that year.
(3) If any moneys described in subsection (1) of this section remain following computation of the distributions to local taxing districts under subsection (2) of this section, the moneys shall be distributed to the zone sponsor.
(4) Distributions shall be made under this section on or before June 1 of each fiscal year. [2001 c.292 §12; 2005 c.667 §6]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 08 - Revenue and Taxation

Chapter 317 - Corporation Excise Tax

Section 317.010 - Definitions.

Section 317.013 - Adoption of parts of Internal Revenue Code and application of federal laws and regulations.

Section 317.018 - Statement of purpose.

Section 317.038 - Computation of Oregon taxable history.

Section 317.061 - Tax rate.

Section 317.063 - Tax rate imposed on certain long-term capital gain from farming; requirements.

Section 317.067 - Tax on homeowners association income.

Section 317.080 - Exempt corporations.

Section 317.090 - Minimum tax.

Section 317.097 - Lending institution loans for housing; rules.

Section 317.111 - Weatherization loan interest; commercial lending institutions.

Section 317.112 - Energy conservation loans to residential fuel oil customers or wood heating residents; rules.

Section 317.122 - Insurers; amounts paid for certain taxes and assessments.

Section 317.124 - Long term enterprise zone facilities.

Section 317.127 - Long Term Enterprise Zone Fund.

Section 317.131 - Distribution of funds to local governments.

Section 317.147 - Agriculture workforce housing loans; credit transfers; rules.

Section 317.151 - Contributions of computers or scientific equipment for research to educational organizations.

Section 317.152 - Qualified research activities credit.

Section 317.154 - Alternative qualified research activities credit.

Section 317.267 - Dividends received by corporation from certain other corporations.

Section 317.283 - Nonrecognition of transactions with related domestic international sales corporation; tax treatment of commissions.

Section 317.286 - Nonrecognition of transactions with related foreign sales corporation.

Section 317.301 - Deferral of deduction for certain amounts deductible under federal law.

Section 317.309 - Interest and dividends received from obligations of state or political subdivision.

Section 317.310 - Balance in bad debt reserve of financial institution which has changed from reserve method to specific charge-off method of accounting.

Section 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.

Section 317.319 - Capital Construction Fund; deferred income; nonqualified withdrawals.

Section 317.322 - Addition of long term care insurance premiums if credit is claimed.

Section 317.327 - Modification of taxable income when deferred gain is recognized as result of out-of-state disposition of property; rules.

Section 317.329 - Basis for stock acquisition.

Section 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.

Section 317.363 - Expenses of marijuana-related trade or business.

Section 317.374 - Depletion.

Section 317.391 - Small city business development exemption.

Section 317.401 - Addition for federal prescription drug plan subsidies excluded for federal tax purposes.

Section 317.476 - Net losses of prior years.

Section 317.478 - Pre-change and built-in losses.

Section 317.479 - Limitation on use of preacquisition losses to offset built-in gain.

Section 317.488 - Qualified donations and sales to educational institutions.

Section 317.491 - Contribution to charitable organization subject to disqualification order.

Section 317.615

Section 317.625 - Income from sources without the United States.

Section 317.635 - Domestic international sales corporation; exemption from minimum tax.

Section 317.650 - Insurers; depreciation and basis provisions; confidentiality of returns; calendar year filing of returns required.

Section 317.655 - Taxable income of insurer; computation; exclusion for certain life insurance or annuity accounts.

Section 317.660 - Allocation of net income where insurer has both in-state and out-of-state business.

Section 317.705 - Definitions.

Section 317.710 - Corporation tax return requirements; application to insurers; rules.

Section 317.715 - Tax return of corporation in affiliated group making consolidated federal return.

Section 317.720 - Computation of taxable income; excess loss accounts.

Section 317.725 - Adjustments to prevent double taxation or deduction; rules.

Section 317.853 - Disposition of revenue from tax imposed at increased rate; estimate.

Section 317.910

Section 317.920 - Tax imposed on unrelated business income of certain exempt corporations.

Section 317.930 - Exceptions and limitations.

Section 317.991 - Civil penalty; noncompliance with ORS 317.097 relating to credit for housing rehabilitation loans.