ORS Chapter 317

Chapter 317 — CorporationExcise Tax

2009 EDITION

CORPORATIONEXCISE TAX

REVENUEAND TAXATION

GENERALPROVISIONS

317.005 Shorttitle

317.010 Definitions

317.013 Adoptionof parts of Internal Revenue Code and application of federal laws and regulations

317.018 Statementof purpose

317.019 Applicationof Payment-in-kind Tax Treatment Act of 1983

317.025 Omissionof previously enacted savings clauses from Oregon Revised Statutes

317.030 Effectof chapter

317.035 Effectof subsequent repeal of chapter

317.038 Computationof Oregon taxable history

IMPOSITIONOF TAX

317.057 Exemptionof certain out-of-state financial institutions from tax; exception

317.061 Taxrate

317.063 Taxrate imposed on certain long-term capital gain from farming; requirements

317.067 Taxon homeowners association income

317.070 Taxon centrally assessed, mercantile, manufacturing and business corporations andfinancial institutions

317.080 Exemptcorporations

317.090 Minimumtax

317.092 Exemptionof payments to tenant of manufactured dwelling park upon termination of rentalagreement

CREDITS

(Generally)

317.097 Lendinginstitution loans for housing; rules

317.111 Weatherizationloan interest; commercial lending institutions

317.112 Energyconservation loans to residential fuel oil customers or wood heating residents;rules

317.115 Alternativefuel vehicle fueling stations

317.122 Insurers;amounts paid for certain taxes and assessments

(Temporaryprovisions relating to mile-based or time-based motor vehicle insurance arecompiled as notes following ORS 317.122)

(LongTerm Enterprise Zones)

317.124 Longterm enterprise zone facilities

317.125 Othertax credits limited; exception

317.127 LongTerm Enterprise Zone Fund

317.129 Taxpayments of long term enterprise zone facilities credit claimants

317.131 Distributionof funds to local governments

(FarmworkerHousing)

317.147 Farmworkerhousing loans; credit transfers; rules

(Educationand Research)

317.151 Contributionsof computers or scientific equipment for research to educational organizations

317.152 Qualifiedresearch activities credit

317.153 Qualifiedresearch activities; election between credits; rules

317.154 Alternativequalified research activities credit

DISSOLUTIONOF TAXPAYER

317.190 Effecton reporting income

317.195 Effecton deductions allowed

MODIFICATIONSTO TAXABLE INCOME

317.259 Modificationsgenerally

317.267 Dividendsreceived by corporation from certain other corporations

317.273 Dividendincome received by domestic corporation from certain foreign corporations

317.283 Nonrecognitionof transactions with related domestic international sales corporation

317.286 Nonrecognitionof transactions with related foreign sales corporation

317.301 Deferralof deduction for certain amounts deductible under federal law

317.303 Deductionor adjustment for certain federal credits

317.304 Additionfor unused qualified business credits

317.307 Reductionfor charitable contribution deduction under federal law; subtraction

317.309 Interestand dividends received from obligations of state or political subdivision

317.310 Balancein bad debt reserve of financial institution which has changed from reservemethod to specific charge-off method of accounting

317.311 Applicationof section 243 of Tax Reform Act of 1986

317.312 Federaldepreciation expenses of certain health care service contractors

317.314 Taxeson net income or profits imposed by any state or foreign country; nondeductibletaxes and license fees; taxes paid to foreign country for certain income

317.319 CapitalConstruction Fund; deferred income; nonqualified withdrawals

317.322 Additionof long term care insurance premiums if credit is claimed

317.327 Modificationof taxable income when deferred gain is recognized as result of out-of-statedisposition of property; rules

317.329 Basisfor stock acquisition

317.344 Netoperating loss carryback and carryover

317.349 Transactiontreated as lease purchase under federal law

317.351 ORS317.349 not applicable to finance leases

317.356 Basison disposition of asset; adjustments to reflect depreciation, depletion, othercost recovery, federal credits and other differences in Oregon and federalbasis

317.362 Reversalof effect of gain or loss in case of timber, coal, domestic iron ore

317.374 Depletion

317.379 Exemptionof income from exercise of Indian fishing rights

317.386 Energyconservation payments exempt

317.388 Claimof right income repayment adjustment when credit is claimed

317.391 Smallcity business development exemption

317.394 Qualifyingfilm production labor rebates

317.398 Qualifiedproduction activities income

317.401 Additionfor federal prescription drug plan subsidies excluded for federal tax purposes

(Temporaryprovisions relating to exemption for certain sales of manufactured dwellingparks are compiled as notes following ORS 317.401)

317.476 Netlosses of prior years

317.478 Pre-changeand built-in losses

317.479 Limitationon use of preacquisition losses to offset built-in gain

317.485 Losscarryforward after reorganization; construction

317.488 Qualifieddonations and sales to educational institutions

RETURNSAND PAYMENT OF TAX

317.504 Datereturn considered filed or advance payment considered made

317.510 Requiringadditional reports and information

FOREIGNINCOME; DOMESTIC INTERNATIONAL SALES CORPORATIONS; INSURERS

317.625 Incomefrom sources without the United States

317.635 Domesticinternational sales corporation

317.650 Insurers;depreciation and basis provisions; confidentiality of returns; calendar yearfiling of returns required

317.655 Taxableincome of insurer; computation; exclusion for certain life insurance or annuityaccounts

317.660 Allocationof net income where insurer has both in-state and out-of-state business

317.665 Oregonnet losses of insurer in prior years

UNITARYTAX

317.705 Definitions

317.710 Corporationtax return requirements; rules

317.713 Grouplosses as offset to income of subsidiary paying preferred dividends

317.715 Taxreturn of corporation in affiliated group making consolidated federal return

317.720 Computationof taxable income; excess loss accounts

317.725 Adjustmentsto prevent double taxation