Business income apportionment
(1) All business income shall be apportioned to this state by multiplying the income by the sales factor.
(2)(a) Notwithstanding subsection (1) of this section, the business income of a taxpayer that is in the forest products industry, that owns and manages 300,000 or more acres in this state, but less than 400,000 acres, and that processes at least 20 percent of the taxpayer’s total wood chip supply for papermaking from sawmill residue generated within this state, shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus two times the sales factor, and the denominator of which is four.
(b) If the denominator of the property factor, payroll factor or sales factor, as determined under ORS 314.650 (Business income apportionment) to 314.665 (Determination of sales factor), is zero, then the denominator specified in paragraph (a) of this subsection shall be reduced by the number of factors with a denominator of zero. [1965 c.152 §10; 1989 c.626 §5; 1989 c.1088 §1; 1995 c.79 §156; 2001 c.793 §1; 2003 c.739 §§1,5; 2005 c.832 §§48,49]
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