Chapter 314 Taxes Imposed Upon or Measured by Net Income

General Provisions

§ 314.011 Definitions
§ 314.015 Soccer referees considered independent contractors
§ 314.021 Application of chapter
§ 314.029 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
§ 314.031 Application of Deficit Reduction Act of 1984 (P.L. 98-369) and Simplification of Imputed Interest Rules of 1985 (P.L. 99-921) to corporate excise and income tax
§ 314.033 Application of federal Tax Reform Act of 1986 (P.L. 99-514)
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Adjustment of Returns

§ 314.105 Definitions for ORS 314.105 to 314.135
§ 314.115 Adjustment to correct effect of certain errors
§ 314.125 When adjustment may be made
§ 314.135 Computation
§ 314.140 Adjustment of returns of related taxpayers after reallocation of income or deduction on federal return

Pollution Control Facilities

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

Lobbying Expenditures

§ 314.256 Lobbying expenditures

Conveyance of Real Property Interest

§ 314.258 Conveyance of real property interest

Remics and Fasits

§ 314.260 Taxation of real estate mortgage investment conduits
§ 314.265 Taxation of financial asset securitization investment trusts

Methods of Accounting and Reporting Income

§ 314.276 Method of accounting
§ 314.280 Allocation of income of financial organization or public utility from business within and without state
§ 314.287 Costs allocable to inventory
§ 314.295 Apportionment or allocation where two or more organizations, trades or businesses are owned or controlled by the same interests
§ 314.297 Election for alternative determination of farm income
§ 314.300 Passive activity loss
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Liability of Transferee or Owner of Trust

§ 314.310 Liability of transferee of taxpayer for taxes imposed on taxpayer
§ 314.330 Lien if grantor or other person determined to be owner of trust

Returns

§ 314.355 Returns when tax year changed
§ 314.360 Information returns
§ 314.362 Filing return on magnetic media or other machine-readable form
§ 314.370 Department requiring return or supplementary return
§ 314.380 Furnishing copy of federal or other state return or report
§ 314.385 Form of returns
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Collecting Delinquent Taxes; Liens; Interest and Additions to Tax; Refunds

§ 314.407 Assessment of taxes owing but not submitted with return
§ 314.410 Time limit for notice of deficiency
§ 314.412 Issuing of notice of deficiency attributable to involuntary conversion
§ 314.415 Refunds
§ 314.417 Unpaid tax or withholding lien at time of assessment
§ 314.419 Foreclosure of lien
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Estimated Tax Procedure

§ 314.505 Estimate of tax liability by corporations
§ 314.515 Installment schedule for payment of estimated tax
§ 314.518 Estimated tax payments by electronic funds transfer
§ 314.520 State agency authority over certain electronic funds transfer payments
§ 314.525 Underpayment of estimated tax

Division of Income for Tax Purposes

General Provisions

§ 314.605 Short title
§ 314.606 Status of ORS 314.605 to 314.675 when in conflict with Multistate Tax Compact
§ 314.610 Definitions for ORS 314.605 to 314.675
§ 314.615 When allocation of income from business activity required
§ 314.620 When taxpayer is considered taxable in another state

Allocation of Nonbusiness Income

§ 314.625 Certain nonbusiness income to be allocated
§ 314.630 Allocation to this state of net rents and royalties
§ 314.635 Allocation to this state of capital gains and losses
§ 314.640 Allocation to this state of interest and dividends
§ 314.642 Allocation to this state of lottery prizes
§ 314.645 Allocation to this state of patent and copyright royalties

Apportionment of Business Income

§ 314.647 Policy
§ 314.650 Business income apportionment
§ 314.655 Determination of property factor
§ 314.660 Determination of payroll factor
§ 314.665 Determination of sales factor

Procedure Where Ordinary Determination Not Satisfactory

§ 314.670 Additional methods to determine extent of business activity in this state

Apportionment of Net Loss

§ 314.675 Apportionment of net loss

Apportionment of Income of Interstate Broadcasters

§ 314.680 Definitions for ORS 314.680 to 314.690
§ 314.682 Method of apportionment of interstate broadcaster income
§ 314.684 Determination of sales factor
§ 314.686 Determination of net income attributable to business done in state
§ 314.688 Rules
§ 314.690 Scope of provisions

Application

§ 314.695 Application of ORS 314.280 and 314.605 to 314.675

Effect of Multistate Tax Compact

§ 314.705 Computation of tax when income reported as percentage of sales volume
§ 314.710 Application to allocation and apportionment of income

Taxation of Partnerships and S Corporations

Partnerships

§ 314.712 Partnerships not subject to income tax
§ 314.714 Character of partnership income
§ 314.716 Basis of partner's interest
§ 314.718 Treatment of contributions to partnership
§ 314.720 Treatment of distributions from partnership
§ 314.722 Publicly traded partnerships taxed as corporations
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S Corporations

§ 314.730 "C corporation" and "S corporation" defined for this chapter and ORS chapters 316, 317 and 318
§ 314.732 Taxation of S corporation
§ 314.734 Taxation of shareholder's income
§ 314.736 Treatment of distributions by S corporation
§ 314.738 Employee fringe benefits
§ 314.740 Tax on built-in gain
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Temporary Provisions Relating to Nonresident Return by Shareholder or Partner Are Compiled As Notes Following Ors 314.752

Pass Through Entities

§ 314.775 Definitions for ORS 314.775 to 314.784
§ 314.778 Composite returns of pass-through entities
§ 314.781 Withholding
§ 314.784 Circumstances when pass-through entity withholding is not required

Administrative Provisions

§ 314.805 Department to administer and enforce laws
§ 314.810 Administering oaths and taking acknowledgments
§ 314.815 Rules and regulations
§ 314.835 Divulging particulars of returns and reports prohibited
§ 314.840 Disclosure of information
§ 314.845 Certificate of department as evidence
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Penalties

§ 314.991 Penalties
Source:
Legislative Counsel Committee, CHAPTER 314—Taxes Imposed Upon or Measured by Net Income, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors314.­pdf (2007) (last ac­cessed Feb. 12, 2009). Currency Information