Section 316.029 – Disallowance of subtraction for amounts included in calculation of net operating loss.
Notwithstanding ORS 316.739, a subtraction from federal taxable income is not allowed for amounts included in the calculation of an Oregon net operating loss under ORS 316.028. [2011 c.685 §2]
Section 316.057
[1977 c.872 §8; renumbered 316.806]
Section 316.032 – Department to administer law; policy as to federal conflicts and technical corrections.
(1) The Department of Revenue shall administer and enforce this chapter. (2) Insofar as is practicable in the administration of this chapter, the department shall apply and follow the administrative and judicial interpretations of the federal income tax law. When a provision of the federal income tax law is the subject of conflicting opinions by […]
Section 316.037 – Imposition and rate of tax.
(1)(a) A tax is imposed for each taxable year on the entire taxable income of every resident of this state. The amount of the tax shall be determined in accordance with the following table: ______________________________________________________________________________ If taxable income is: The tax is: Not over $2,000 4.75% of taxable income Over $2,000 but not over $5,000 […]
Section 316.042 – Amount of tax where joint return used.
In the case of a joint return of spouses in a marriage, pursuant to ORS 316.122 or pursuant to ORS 316.367, the tax imposed by ORS 316.037 shall be twice the tax which would be imposed if the taxable income were cut in half. For purposes of this section, a return of a head of […]
Section 316.043 – Tax rates allowed for certain qualifying income; conditions; election.
(1) As used in this section: (a) “Material participation” has the meaning given that term in section 469 of the Internal Revenue Code. (b) “Nonpassive income” means income other than income from passive activity as determined under section 469 of the Internal Revenue Code. “Nonpassive income” does not include wages, interest, dividends or capital gains. […]
Section 316.044 – Estimates by Legislative Revenue Officer; reports; adjustment of rates.
(1)(a) As soon as practicable, the Legislative Revenue Officer, after consultation with the Department of Revenue, shall prepare estimates of projected use by taxpayers of the reduced rates provided in ORS 316.043 (2). The estimates shall include the projected use of the reduced rates in tax years beginning on or after January 1, 2015, and […]
Section 316.045 – Tax rate imposed on certain long-term capital gain from farming; requirements.
(1) As used in this section: (a) “Farming” means: (A) Raising, harvesting and selling crops; (B) Feeding, breeding, managing or selling livestock, poultry, fur-bearing animals or honeybees or the produce thereof; (C) Dairying and selling dairy products; (D) Stabling or training equines, including but not limited to providing riding lessons, training clinics and schooling shows; […]
Section 316.047 – Transitional provision to prevent doubling income or deductions.
If any provision of the Internal Revenue Code or of this chapter requires that any amount be added to or deducted from federal gross income or the net income taxable under this chapter that previously had been added to or deducted from net income taxable under the Oregon law in effect prior to the taxpayer’s […]
Section 316.048 – Taxable income of resident.
The entire taxable income of a resident of this state is the federal taxable income of the resident as defined in the laws of the United States, with the modifications, additions and subtractions provided in this chapter and other laws of this state applicable to personal income taxation. [Formerly 316.062; 1999 c.580 §4]