Section 316.853 – Addition for amount deducted as deemed repatriation.
In addition to the other modifications to federal taxable income contained in this chapter, to derive Oregon taxable income there shall be added to federal taxable income any amount deducted, for the tax year, for federal income tax purposes under section 965(c)(1) of the Internal Revenue Code. [2019 c.556 §2]
Section 316.856 – Severance pay; rules.
(1) As used in this section: (a) “Invest” means to exchange cash for equity, debt, convertible debt or management responsibilities, accompanied by terms that substantiate ownership or control of an interest in a business. “Invest” does not mean to make a loan to a business. (b) “Material participation” has the meaning given that term in […]
Section 316.857
[1989 1985 c.352 §2; renumbered 316.216 in 1989]
Section 316.818 – Proof of expenses.
The modification to federal taxable income by ORS 316.812 shall be substantiated by any proof required by the Department of Revenue by rule. The requirement for substantiation may be waived partially, conditionally or absolutely, as provided under ORS 315.063. [Formerly 316.059; 1995 c.54 §13]
Section 316.859 – Addition for amount deducted as qualified business income from pass-through entity.
There shall be added to federal taxable income for Oregon tax purposes the amount allowable as a deduction under section 199A(a) of the Internal Revenue Code for the tax year. [2018 c.108 §10]
Section 316.821 – Federal election to deduct sales taxes; addition for state purposes.
(1) A taxpayer that elects to deduct state and local sales taxes under section 164(b)(5) of the Internal Revenue Code for federal tax purposes must make the same election for purposes of the tax imposed by this chapter. (2) A taxpayer that elects to deduct state and local sales taxes under section 164(b)(5) of the […]
Section 316.970 – Effect of chapter 493, Oregon Laws 1969.
This chapter is intended to supersede any conflicting provisions of law in effect on August 22, 1969, to the extent of such conflict. [Formerly 316.802]
Section 316.824 – Definitions for ORS 316.824 and 316.832.
As used in ORS 316.824 and 316.832: (1) “Forest products” means any merchantable form including but not limited to logs, poles and piling, into which a fallen tree may be cut before it undergoes manufacturing. (2) “Logger” means a person commonly known as a faller or bucker who furnishes and maintains personal equipment in the […]
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]