Section 317.705 – Definitions.

As used in ORS 317.705 to 317.715: (1) “Affiliated group” means an affiliated group of corporations as defined in section 1504 of the Internal Revenue Code. (2) “Unitary group” means a corporation or group of corporations engaged in business activities that constitute a unitary business. (3)(a) “Unitary business” means a business enterprise in which there […]

Section 317.710 – Corporation tax return requirements; application to insurers; rules.

(1) A corporation shall make a return with respect to the tax imposed by this chapter as provided in this section. (2) If the corporation is a member of an affiliated group of corporations making a consolidated federal return, it shall file a return and determine its Oregon taxable income as provided in ORS 317.715. […]

Section 317.713 – Group losses as offset to income of subsidiary paying preferred dividends.

If the use of group losses to offset income of a subsidiary paying dividends on preferred stock is limited under section 1503(f) of the Internal Revenue Code, a like limitation shall apply for purposes of this chapter. For purposes of applying section 1503(f) of the Internal Revenue Code, “group losses” and “separately computed taxable income” […]

Section 317.715 – Tax return of corporation in affiliated group making consolidated federal return.

(1) If a corporation required to make a return under this chapter is a member of an affiliated group of corporations making a consolidated federal return under sections 1501 to 1505 of the Internal Revenue Code, the corporation’s Oregon taxable income shall be determined beginning with federal consolidated taxable income of the affiliated group as […]

Section 317.720 – Computation of taxable income; excess loss accounts.

(1) To derive Oregon taxable income, there shall be subtracted from federal taxable income the amount of the excess loss account included under Treasury Regulations adopted under section 1502 of the Internal Revenue Code to the extent that the excess losses have not offset unitary income. However, in no event shall excess losses be recaptured […]

Section 317.725 – Adjustments to prevent double taxation or deduction; rules.

(1)(a) If any provision of the Internal Revenue Code or of ORS 317.705 to 317.715, relating to the use of consolidated federal returns, requires that any amount be added to or deducted from federal consolidated taxable income or the Oregon taxable income subject to taxation under this chapter or ORS chapter 318 that previously had […]