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Section 314.011 - Definitions; conformance with federal income tax law. - (2) As used in this chapter: (a) Any term has...
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. - (b) Notwithstanding ORS 316.012 (1985 Replacement Part), and subject to...
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. - (b) Notwithstanding ORS 317.010, 317.013 and 317.018 (all 1985 Replacement...
Section 314.033 - Application of federal Tax Reform Act of 1986 (P.L. 99-514). - (2) Unless the context requires otherwise, the amendments, repeals and...
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). - (2) The effective and applicable dates, and the exceptions, special...
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). - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
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. - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
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). - (2) The effective and applicable dates, and the exceptions, special...
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). - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
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). - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
Section 314.059 - Application of American Recovery and Reinvestment Act of 2009 (P.L. 111-5). - (2) The effective and applicable dates, and the exceptions, special...
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). - (2) The effective and applicable dates, and the exceptions, special...
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... - (2) The effective and applicable dates, and the exceptions, special...
Section 314.075 - Evading requirements of law prohibited. - (1) Fail to pay any tax or to make, sign...
Section 314.085 - Taxable year; rules. - (2) If the taxable year of a partnership, REMIC or...
Section 314.091 - Abeyance of tax during periods of active duty military service. - (2) If a taxpayer described in subsection (1) of this...
Section 314.105 - Definitions for ORS 314.105 to 314.135. - (1) "Determination" means: (a) A decision by the Oregon Tax...
Section 314.115 - Adjustment to correct effect of certain errors; use limited. - (2) Except in cases described in ORS 314.125 (3)(b) and...
Section 314.125 - When adjustment may be made. - (1) The determination requires the inclusion in gross income of...
Section 314.135 - Computation; method of adjustment; credit or setoff limited; recovery after payment limited. - (A) The sum of the amount shown as the tax...
Section 314.140 - Adjustment of returns of related taxpayers after reallocation of income or deduction on federal return. - (2) If, however, the related taxpayers involved (or their authorized...
Section 314.255 - Collection of taxes due after revocation of certification of pollution control facility; exceptions to tax relief allowed for pollution control facility. - (2) No tax relief shall be allowed under ORS 307.405...
Section 314.256 - Lobbying expenditures; proxy tax; rules. - (2) Any organization that is required to include on a...
Section 314.258 - Withholding in certain conveyances of real estate; rules. - (a) "Authorized agent" means an agent who is responsible for...
Section 314.260 - Taxation of real estate mortgage investment conduits. - (b) If a REMIC engages in a prohibited transaction as...
Section 314.276 - Method of accounting. - (2) Notwithstanding subsection (1) of this section, if the method...
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. - (2) The provisions of subsection (1) of this section dealing...
Section 314.287 - Costs allocable to inventory. - (2) If any provision of ORS chapter 316, 317 or...
Section 314.297 - Election for alternative determination of farm income; computation of income; rules. - (a) "Farm income": (A) Means taxable income attributable to a...
Section 314.300 - Passive activity loss; determination; treatment; rules. - (1) Passive activity loss shall be determined with respect to...
Section 314.302 - Interest on deferred tax liabilities with respect to installment obligations; rules. - (2) Interest added to tax pursuant to subsection (1) of...
Section 314.306 - Income from discharge of indebtedness; bankruptcy; insolvency. - (2) If a taxpayer excludes an amount from federal gross...
Section 314.307 - Definitions; reportable transactions. - (1) "Listed transaction" means any of the following transactions: (a)...
Section 314.308 - Reportable transactions; rules. - (a) Any person who engages in a reportable transaction as...
Section 314.310 - Liability of transferee of taxpayer for taxes imposed on taxpayer. - (2) The amount for which a transferee of the property...
Section 314.330 - Lien if grantor or other person determined to be owner of trust. - (2) For the purposes of subsection (1) of this section,...
Section 314.360 - Information returns; penalties. - (2)(a) Every person doing business as a broker shall, when...
Section 314.362 - Filing return on magnetic media or other machine-readable form; rules. - (2) The Department of Revenue may, by administrative rule, adopt...
Section 314.364 - Authority of department to require filing of returns by electronic means; rules. - (a) "Electronic means" includes computer-generated electronic or magnetic media, Internet-based...
Section 314.380 - Furnishing copy of federal or other state return or report; action required when return filed or changed or tax assessed. - (2)(a) The taxpayer shall report to the department any change...
Section 314.385 - Form of returns; time for filing; alternative filing formats; rules. - (b) For purposes of ORS chapters 317 and 318, returns...
Section 314.395 - Time for payment of tax; interest on delayed return. - (2) When the time for filing a return of income...
Section 314.400 - Penalty for failure to file report or return or to pay tax when due; interest; limitation on penalty. - (2) In the case of a report or return that...
Section 314.402 - Understatement of net tax; penalty; cost-of-living adjustment; waiver of penalty. - (2) A substantial understatement of net tax exists for any...
Section 314.403 - Listed transaction understatement; penalty. - (2) The penalty imposed under this section applies to listed...
Section 314.404 - Penalty for failure to report reportable transaction. - (a) Individual taxpayers, $3,300. (b) Corporation taxpayers, $16,700. (2) If...
Section 314.406 - Penalty for promotion of abusive tax shelter. - (a) The person is or would be subject to a...
Section 314.407 - Assessment of taxes owing but not submitted with return; time of assessment; recording of warrant. - (1) In the case of a return submitted to the...
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. - (2) If the department finds that gross income equal to...
Section 314.412 - Issuing of notice of deficiency attributable to involuntary conversion; time limit. - (1) The replacement of the converted property which the taxpayer...
Section 314.415 - Refunds; interest; credits. - (2)(a) The department may not allow or make a refund...
Section 314.419 - Foreclosure of lien. - (1) The Director of the Department of Revenue shall issue...
Section 314.423 - Status of lien. - (a) Any interest in real property to the same extent...
Section 314.425 - Examining books, records or persons. - (2) If any person fails to comply with any subpoena...
Section 314.430 - Warrant for collection of taxes. - (2) At any time after issuing a warrant under this...
Section 314.440 - Tax as debt; termination of taxable period and immediate assessment of tax. - (2) If the Department of Revenue finds that a taxpayer...
Section 314.505 - Estimate of tax liability by corporations; rules. - (2) The Department of Revenue shall by rule provide for...
Section 314.515 - Installment schedule for payment of estimated tax. - (a) One-quarter or more of the estimated tax shall be...
Section 314.518 - Estimated tax payments by electronic funds transfer; phase-in; rules. - (a) For payment periods beginning on or after July 1,...
Section 314.520 - State agency authority over certain electronic funds transfer payments. - Note: 314.520 was enacted into law by the Legislative Assembly...
Section 314.525 - Underpayment of estimated tax; interest; nonapplicability of penalties. - (2) Notwithstanding subsection (1) of this section, there shall be...
Section 314.605 - Short title; construction. - (2) ORS 314.610 to 314.667 shall be so construed as...
Section 314.610 - Definitions for ORS 314.605 to 314.675. - (1) "Apportionable income" means: (a)(A) Income arising from transactions and...
Section 314.620 - When taxpayer is considered taxable in another state. - (1) In that state the taxpayer is subject to a...
Section 314.630 - Allocation to this state of net rents and royalties. - (2) Net rents and royalties from tangible personal property are...
Section 314.635 - Allocation to this state of capital gains and losses. - (2) Capital gains and losses from sales of tangible personal...
Section 314.642 - Allocation to this state of lottery prizes. - (2) A prize awarded by a multistate lottery association of...
Section 314.645 - Allocation to this state of patent and copyright royalties. - (2) A patent is utilized in a state to the...
Section 314.647 - Policy. - Note: 314.647 was enacted into law by the Legislative Assembly...
Section 314.655 - Determination of property factor. - (2) Property owned by the taxpayer is valued at its...
Section 314.660 - Determination of payroll factor. - (2) Compensation is paid in this state if: (a) The...
Section 314.665 - Determination of sales factor; use of market sourcing; inclusions and exclusions; definitions. - (2) Sales of tangible personal property are in this state...
Section 314.666 - Market for sales in this state. - (a) In the case of the sale, rental, lease or...
Section 314.667 - Additional methods to determine extent of business activity in this state; rules. - (a) Separate accounting; (b) The exclusion of any one or...
Section 314.668 - Definitions. - (1) "Actual cost" means the costs of labor, materials, supplies,...
Section 314.669 - Legislative findings; purposes. - (a) The State of Oregon has a compelling interest in...
Section 314.671 - Qualifying investment contract; duration; remedies. - (2) Any contract executed pursuant to subsection (1) of this...
Section 314.673 - Rules; report to Legislative Assembly. - (2) On or before February 15 of each odd-numbered year,...
Section 314.674 - Apportionment of broadcasting sales. - (a) "Broadcasting" means the activity of transmitting programming through any...
Section 314.712 - Partnerships not subject to income tax; exceptions. - (2) If a partner engages in a transaction with a...
Section 314.714 - Character of partnership income; procedure if partner’s treatment of item inconsistent with partnership treatment; rules. - (2) A partner’s distributive share of an item of partnership...
Section 314.716 - Basis of partner’s interest; gain or loss on sale; election to adjust basis. - (2) Upon the sale or exchange of an interest in...
Section 314.718 - Treatment of contributions to partnership. - (2) No gain or loss shall be recognized upon a...
Section 314.720 - Treatment of distributions from partnership. - (2) The character of gain or loss on the disposition...
Section 314.722 - Publicly traded partnerships taxed as corporations. - (2) Persons carrying on business as partners in a publicly...
Section 314.724 - Information return; penalty; rules. - (2) If a partnership transacting business in this state is...
Section 314.731 - Definitions. - (1) "Adjustment" means a partnership adjustment, as defined in section...
Section 314.733 - Requirement to report adjustments from partnership-level audit or administrative adjustment request. - (2)(a) A partnership’s federal partnership representative shall act as the...
Section 314.735 - Time limit for notice of deficiency. - (1) If a taxpayer files with the department an adjustments...
Section 314.737 - Time limit for claim for refund or credit. - (1) The expiration of the last date for filing a...
Section 314.739 - Obligation or right of partner to report changes in taxable income or tax liability. - (1) The Internal Revenue Service, in the case of a...
Section 314.761 - "C corporation" and "S corporation" defined for this chapter and ORS chapters 316, 317 and 318. - (1) "C corporation" means, with respect to any taxable year,...
Section 314.762 - Taxation of S corporation; application of Internal Revenue Code; carryforward and carryback. - (2)(a) Subject to paragraphs (b) to (d) of this subsection,...
Section 314.763 - Taxation of shareholder’s income; computation; character of income, gain, loss or deduction. - (2) Each item of shareholder income, gain, loss or deduction...
Section 314.765 - Employee fringe benefits; foreign income. - (2) For purposes of foreign income, and subject to this...
Section 314.766 - Tax on built-in gain. - (2) The amount of the tax imposed under subsection (1)...
Section 314.767 - Tax on excess net passive income. - (a) Accumulated earnings and profits at the close of the...
Section 314.768 - S corporation or shareholder elections; rules. - (2) The Department of Revenue may adopt rules that contravene...
Section 314.770 - Disclosure of S corporation items to shareholder. - Note: 314.770 was added to and made a part of...
Section 314.771 - Recapture of LIFO benefits. - (2)(a) The first installment shall be paid on or before...
Section 314.772 - Business tax credits; allowance to shareholders. - (2) In determining the tax imposed under ORS chapter 316,...
Section 314.775 - Definitions for ORS 314.775 to 314.784. - (1) "Distributive income" means the net amount of income, gain,...
Section 314.778 - Composite returns of pass-through entities; election; effect of election on nonresident owners. - (b) Distributive income subject to this election does not include...
Section 314.781 - Withholding; required returns and statements; pass-through entity liability. - (a) The pass-through entity has distributive income from Oregon sources;...
Section 314.784 - Circumstances when pass-through entity withholding is not required; rules. - (a) The nonresident owner has a share of distributive income...
Section 314.835 - Divulging particulars of returns and reports prohibited. - (2) As used in this section: (a) "Officer," "employee" or...
Section 314.840 - Disclosure of information; persons to whom information may be furnished. - (a) Furnish any taxpayer, representative authorized to represent the taxpayer...
Section 314.843 - Reporting of information to consumer reporting agency; rules. - (2)(a) Notwithstanding ORS 314.835, and subject to rules established by...
Section 314.865 - Use of certain information for private benefit prohibited. - Note: 314.865 was enacted into law by the Legislative Assembly...
Section 314.870 - Time for performing certain acts postponed by reason of service in a combat zone. - (2) If an individual is entitled to the benefits of...
Section 314.991 - Penalties. - (2) Violation of ORS 314.835 is a Class C felony....