Oregon Statutes 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 deduct an expense item, more than once in computing Oregon taxable income.
Terms Used In Oregon Statutes 317.038
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Oregon taxable income: means taxable income, less the deduction allowed under ORS § 317. See Oregon Statutes 317.010
(2) The changes to the corporate excise and income tax laws by chapter 162, Oregon Laws 1983, shall not be applied to preclude a corporation from taking into account a deduction or a loss to which it otherwise would be entitled.
(3) The changes to the corporate excise and income tax laws by chapter 162, Oregon Laws 1983, shall not be applied to preclude a corporation from including income which it otherwise would be required to include. [1983 c.162 § 40; 1985 c.802 § 21e]
[1989 c.625 § 19; repealed by 1991 c.457 § 24]
[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c.607 § 1; subsection (2) of 1961 Replacement Part derived from 1957 c.607 § 11 and 1957 s.s. c.5 § 1; 1963 c.571 § 2; repealed by 1975 c.368 § 8]
[1975 c.368 § 3; 1983 c.162 § 4; 1999 c.21 § 43; repealed by 2009 c.403 § 7]
[1999 c.30 § 2; 2009 c.541 § 18; repealed by 2013 c.614 § 1]
[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c.607 § 2; subsection (2) of 1961 Replacement Part derived from 1957 c.607 § 11 and 1957 s.s. c.5 § 1; 1963 c.571 § 3; repealed by 1975 c.368 § 8]
IMPOSITION OF TAX