Chapter 314
Taxes Imposed Upon or Measured by Net Income

Sections

Soccer referees considered independent contractors

Application of chapter

Application to partners in domestic partnership and to surviving partners

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

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

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

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)

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)

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 Compensation Act of 1991 (P.L. 102-164)

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

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 Portability and Accountability Act of 1996 (P.L. 104-191) and Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (P.L. 104-193)

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), Transportation Equity Act for the 21st Century (P.L. 105-178) and Tax and Trade Relief Extension Act of 1998 (P.L. 105-277)

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)

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)

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. 108-311) and American Jobs Creation Act of 2004 (P.L. 108-357)

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)

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.L. 110-172)

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 (P.L. 110-289), Emergency Economic Stabilization Act of 2008, Energy Improvement and Extension Act of 2008, Tax Extenders and Alternative Minimum Tax Relief Act of 2008 (P.L. 110-343) and Fostering Connections to Success and Increasing Adoptions Act of 2008 (P.L. 110-351)

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

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)

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 Beneficiaries and Pension Relief Act of 2010 (P.L. 111-192), Health Care and Education Reconciliation Act of 2010 (P.L. 111-152) and Homebuyer Assistance and Improvement Act of 2010 (P.L. 111-198)

Evading requirements of law prohibited

Determination of tax credit amounts

Venue on failure to comply with law

Abeyance of tax during periods of active duty military service

Definitions for ORS 314.105 to 314.135

Adjustment to correct effect of certain errors

When adjustment may be made

Adjustment of returns of related taxpayers after reallocation of income or deduction on federal return

Collection of taxes due after revocation of certification of pollution control facility

Lobbying expenditures

Withholding in certain conveyances of real estate

Taxation of real estate mortgage investment conduits

Method of accounting

Allocation of income of financial institution or public utility from business within and without state

Costs allocable to inventory

Apportionment or allocation where two or more organizations, trades or businesses are owned or controlled by the same interests

Election for alternative determination of farm income

Passive activity loss

Interest on deferred tax liabilities with respect to installment obligations

Income from discharge of indebtedness

Reportable transactions

Liability of transferee of taxpayer for taxes imposed on taxpayer

Lien if grantor or other person determined to be owner of trust

Returns when tax year changed

Information returns

Filing return on magnetic media or other machine-readable form

Authority of department to require filing of returns by electronic means

Department requiring return or supplementary return

Furnishing copy of federal or other state return or report

Form of returns

Time for payment of tax

Manner of payment

Penalty for failure to file report or return or to pay tax when due

De minimis tax payment not required

Understatement of net tax

Listed transaction understatement

Penalty for failure to report reportable transaction

Penalty for promotion of abusive tax shelter

Assessment of taxes owing but not submitted with return

Time limit for notice of deficiency

Issuing of notice of deficiency attributable to involuntary conversion

Unpaid tax or withholding lien at time of assessment

Foreclosure of lien

When lien valid

Examining books, records or persons

Warrant for collection of taxes

Audits, deficiencies, assessments, refunds and appeals governed by ORS chapter 305

Treatment of moneys collected under ORS 314.406

Estimate of tax liability by corporations

Installment schedule for payment of estimated tax

Estimated tax payments by electronic funds transfer

State agency authority over certain electronic funds transfer payments

Underpayment of estimated tax

Status of ORS 314.605 to 314.675 when in conflict with Multistate Tax Compact

Definitions for ORS 314.605 to 314.675

When allocation and apportionment of net income from business activity required

When taxpayer is considered taxable in another state

Certain nonapportionable income to be allocated

Allocation to this state of net rents and royalties

Allocation to this state of capital gains and losses

Allocation to this state of interest and dividends

Allocation to this state of lottery prizes

Allocation to this state of patent and copyright royalties

Apportionment of income

Determination of property factor

Determination of payroll factor

Determination of sales factor

Market for sales in this state

Additional methods to determine extent of business activity in this state

Legislative findings

Qualifying investment contract

Apportionment of broadcasting sales

Apportionment of net loss

Application of ORS 314.280 and 314.605 to 314.675

Treatment of global intangible low-taxed income

Partnerships not subject to income tax

Character of partnership income

Basis of partner’s interest

Treatment of contributions to partnership

Treatment of distributions from partnership

Publicly traded partnerships taxed as corporations

Information return

Privilege tax applicable to partnerships

Application of ORS 314.724

Disclosure of partnership items to partner

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

Time limit for notice of deficiency

Time limit for claim for refund or credit

Obligation or right of partner to report changes in taxable income or tax liability

“C corporation” and “S corporation” defined for this chapter and ORS chapters 316, 317 and 318

Taxation of S corporation

Taxation of shareholder’s income

Treatment of distributions by S corporation

Employee fringe benefits

Tax on built-in gain

Tax on excess net passive income

S corporation or shareholder elections

Application of sections 1377 and 1379 of Internal Revenue Code

Disclosure of S corporation items to shareholder

Recapture of LIFO benefits

Business tax credits

Definitions for ORS 314.775 to 314.784

Composite returns of pass-through entities

Circumstances when pass-through entity withholding is not required

Department to administer and enforce laws

Administering oaths and taking acknowledgments

Rules and regulations

Divulging particulars of returns and reports prohibited

Disclosure of information

Reporting of information to consumer reporting agency

Certificate of department as evidence

Rewards for information

Use of certain information for private benefit prohibited

Time for performing certain acts postponed by reason of service in a combat zone

Current through early 2026

Chap. 314. Taxes Imposed Upon or Measured by Net Income's source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_chapter_314

Original Source: Chapter 314 — Taxes Imposed Upon or Measured by Net Income, https://www.oregonlegislature.gov/bills_laws/ors/ors314.html (last accessed May 10, 2025).