2011 ORS § 317.070¹
Tax on centrally assessed, mercantile, manufacturing and business corporations and financial institutions

Every centrally assessed corporation, the property of which is assessed by the Department of Revenue under ORS 308.505 (Definitions for ORS 308.505 to 308.665) to 308.665 (Railroad car exemption), and every mercantile, manufacturing and business corporation and every financial institution doing business within this state, except as provided in ORS 317.080 (Exempt corporations) and 317.090 (Minimum tax), shall annually pay to this state, for the privilege of carrying on or doing business by it within this state, an excise tax according to or measured by its Oregon taxable income, to be computed in the manner provided by this chapter, at the rate provided in ORS 317.061 (Tax rate). [Amended by 1957 c.607 §3; 1957 c.709 §1; subsection (3) of 1963 Replacement Part derived from 1957 c.607 §11; 1957 c.709 §2 and 1957 s.s. c.5 §1; 1959 c.631 §2; 1963 c.627 §22 (referred and rejected); 1965 c.322 §1; 1965 c.544 §1; 1971 c.247 §1; 1975 c.368 §5; 1977 c.866 §3; 1982 1 c.16 §11; 1983 c.162 §7; 1985 c.565 §55; 1997 c.154 §50; 1999 c.21 §45; 1999 c.60 §1; 2009 c.403 §3]