Section 316.832 – Travel expenses for loggers.
(1) In addition to the modifications to federal taxable income contained in this chapter, there shall be subtracted from federal taxable income traveling expenses incurred by a logger in job-related travel. (2) The modification to federal taxable income by subsection (1) of this section shall be substantiated by any proof required by the Department of […]
Section 316.836 – Qualified production activities income.
A taxpayer that is allowed a deduction for qualified production activities income under section 199 of the Internal Revenue Code for federal tax purposes shall add the amount deducted to federal taxable income for purposes of the tax imposed by this chapter. [2005 c.832 §41]
Section 316.837 – Addition for federal prescription drug plan subsidies excluded for federal tax purposes.
A taxpayer that is allowed an exclusion from gross income under section 139A of the Internal Revenue Code for federal tax purposes shall add the amount excluded to federal taxable income for purposes of the tax imposed by this chapter. [2005 c.832 §42]
Section 316.838 – Art object donation.
(1) As used in this section, “art object” means a painting, sculpture, photograph, graphic or craft art, industrial design, costume or fashion design, tape or sound recording or film. (2) A subtraction from federal taxable income is allowed for a charitable contribution of an art object, if the art object has not been previously sold […]
Section 316.844 – Special computation of gain or loss where farm use value used.
(1) Notwithstanding any other provision of this chapter, when gain or loss that is included in federal taxable income is derived from the disposition of property and the gain, loss or basis computed with respect to that disposition involves, in whole or in part, property that was valued at the property’s value for farm use […]
Section 316.845 – Exception to ORS 316.844.
ORS 316.844 shall not apply in any case in which a carryover basis for certain property acquired from a decedent dying after December 31, 1976, is provided by section 1014 of the Internal Revenue Code. [Formerly 316.083]
Section 316.846 – Scholarship awards used for housing expenses.
(1) There shall be subtracted from federal taxable income amounts received from a scholarship awarded to the taxpayer or a dependent of the taxpayer that are used for housing expenses of the scholarship recipient at the time the scholarship recipient is attending an accredited community college, college, university or other institution of higher education. (2) […]
Section 316.847 – National service educational award.
(1) There shall be subtracted from federal taxable income amounts received as a national service educational award under 42 U.S.C. 12602, following completion of the required term of service in 42 U.S.C. 12593(b). (2) A subtraction may not be allowed under this section if the amounts described in subsection (1) of this section: (a) Are […]
Section 316.848 – Individual development accounts.
(1) In addition to the other modifications to federal taxable income contained in this chapter, there shall be subtracted from federal taxable income the amount of taxpayer deposits to an individual development account established by the taxpayer under ORS 458.685. (2) Matching deposits made by a fiduciary organization to an individual development account, and interest […]
Section 316.852 – Qualified donations and sales to educational institutions.
(1) As used in this section: (a) “Contribution base” has the meaning given that term in section 170 of the Internal Revenue Code. (b) “Educational institution” means: (A) A public common or union high school district; (B) A private school that: (i) Is an organization described in section 501(c)(3) of the Internal Revenue Code; (ii) […]