ORS Chapter 317
Chapter 317 — CorporationExcise Tax
2009 EDITION
CORPORATIONEXCISE TAX
REVENUEAND TAXATION
GENERALPROVISIONS
317.005 Shorttitle
317.010 Definitions
317.013 Adoptionof parts of Internal Revenue Code and application of federal laws and regulations
317.018 Statementof purpose
317.019 Applicationof Payment-in-kind Tax Treatment Act of 1983
317.025 Omissionof previously enacted savings clauses from Oregon Revised Statutes
317.030 Effectof chapter
317.035 Effectof subsequent repeal of chapter
317.038 Computationof Oregon taxable history
IMPOSITIONOF TAX
317.057 Exemptionof certain out-of-state financial institutions from tax; exception
317.061 Taxrate
317.063 Taxrate imposed on certain long-term capital gain from farming; requirements
317.067 Taxon homeowners association income
317.070 Taxon centrally assessed, mercantile, manufacturing and business corporations andfinancial institutions
317.080 Exemptcorporations
317.090 Minimumtax
317.092 Exemptionof payments to tenant of manufactured dwelling park upon termination of rentalagreement
CREDITS
(Generally)
317.097 Lendinginstitution loans for housing; rules
317.111 Weatherizationloan interest; commercial lending institutions
317.112 Energyconservation loans to residential fuel oil customers or wood heating residents;rules
317.115 Alternativefuel vehicle fueling stations
317.122 Insurers;amounts paid for certain taxes and assessments
(Temporaryprovisions relating to mile-based or time-based motor vehicle insurance arecompiled as notes following ORS 317.122)
(LongTerm Enterprise Zones)
317.124 Longterm enterprise zone facilities
317.125 Othertax credits limited; exception
317.127 LongTerm Enterprise Zone Fund
317.129 Taxpayments of long term enterprise zone facilities credit claimants
317.131 Distributionof funds to local governments
(FarmworkerHousing)
317.147 Farmworkerhousing loans; credit transfers; rules
(Educationand Research)
317.151 Contributionsof computers or scientific equipment for research to educational organizations
317.152 Qualifiedresearch activities credit
317.153 Qualifiedresearch activities; election between credits; rules
317.154 Alternativequalified research activities credit
DISSOLUTIONOF TAXPAYER
317.190 Effecton reporting income
317.195 Effecton deductions allowed
MODIFICATIONSTO TAXABLE INCOME
317.259 Modificationsgenerally
317.267 Dividendsreceived by corporation from certain other corporations
317.273 Dividendincome received by domestic corporation from certain foreign corporations
317.283 Nonrecognitionof transactions with related domestic international sales corporation
317.286 Nonrecognitionof transactions with related foreign sales corporation
317.301 Deferralof deduction for certain amounts deductible under federal law
317.303 Deductionor adjustment for certain federal credits
317.304 Additionfor unused qualified business credits
317.307 Reductionfor charitable contribution deduction under federal law; subtraction
317.309 Interestand dividends received from obligations of state or political subdivision
317.310 Balancein bad debt reserve of financial institution which has changed from reservemethod to specific charge-off method of accounting
317.311 Applicationof section 243 of Tax Reform Act of 1986
317.312 Federaldepreciation expenses of certain health care service contractors
317.314 Taxeson net income or profits imposed by any state or foreign country; nondeductibletaxes and license fees; taxes paid to foreign country for certain income
317.319 CapitalConstruction Fund; deferred income; nonqualified withdrawals
317.322 Additionof long term care insurance premiums if credit is claimed
317.327 Modificationof taxable income when deferred gain is recognized as result of out-of-statedisposition of property; rules
317.329 Basisfor stock acquisition
317.344 Netoperating loss carryback and carryover
317.349 Transactiontreated as lease purchase under federal law
317.351 ORS317.349 not applicable to finance leases
317.356 Basison disposition of asset; adjustments to reflect depreciation, depletion, othercost recovery, federal credits and other differences in Oregon and federalbasis
317.362 Reversalof effect of gain or loss in case of timber, coal, domestic iron ore
317.374 Depletion
317.379 Exemptionof income from exercise of Indian fishing rights
317.386 Energyconservation payments exempt
317.388 Claimof right income repayment adjustment when credit is claimed
317.391 Smallcity business development exemption
317.394 Qualifyingfilm production labor rebates
317.398 Qualifiedproduction activities income
317.401 Additionfor federal prescription drug plan subsidies excluded for federal tax purposes
(Temporaryprovisions relating to exemption for certain sales of manufactured dwellingparks are compiled as notes following ORS 317.401)
317.476 Netlosses of prior years
317.478 Pre-changeand built-in losses
317.479 Limitationon use of preacquisition losses to offset built-in gain
317.485 Losscarryforward after reorganization; construction
317.488 Qualifieddonations and sales to educational institutions
RETURNSAND PAYMENT OF TAX
317.504 Datereturn considered filed or advance payment considered made
317.510 Requiringadditional reports and information
FOREIGNINCOME; DOMESTIC INTERNATIONAL SALES CORPORATIONS; INSURERS
317.625 Incomefrom sources without the United States
317.635 Domesticinternational sales corporation
317.650 Insurers;depreciation and basis provisions; confidentiality of returns; calendar yearfiling of returns required
317.655 Taxableincome of insurer; computation; exclusion for certain life insurance or annuityaccounts
317.660 Allocationof net income where insurer has both in-state and out-of-state business
317.665 Oregonnet losses of insurer in prior years
UNITARYTAX
317.705 Definitions
317.710 Corporationtax return requirements; rules
317.713 Grouplosses as offset to income of subsidiary paying preferred dividends
317.715 Taxreturn of corporation in affiliated group making consolidated federal return
317.720 Computationof taxable income; excess loss accounts
317.725 Adjustmentsto prevent double taxation