2007 Oregon Code - Chapter 318 :: Chapter 318 - Corporation Income Tax
Chapter 318 —
Corporation Income Tax
2007 EDITION
CORPORATION INCOME TAX
REVENUE AND TAXATION
318.010Â Â Â Â Short
title; Department of Revenue to administer chapter
318.020Â Â Â Â Imposition
of tax
318.031Â Â Â Â Provisions
in ORS chapters 305, 314, 315 and 317 incorporated into corporation income tax
law
318.040Â Â Â Â Exempt
corporations
318.060Â Â Â Â Rules
and regulations; personnel
318.070Â Â Â Â Disposition
of revenue
318.106Â Â Â Â ORS
317.151 as part of chapter
318.130Â Â Â Â ORS
317.329 as part of chapter
     318.010
Short title; Department of Revenue to administer chapter. This chapter shall be known and may be cited
as the Corporation Income Tax Act of 1955, and it shall be administered by the
Department of Revenue. [1955 c.334 §1]
     318.020
Imposition of tax. (1) There
hereby is imposed upon every corporation for each taxable year a tax at the
rate provided in ORS 317.061 upon its
     (2) Income from sources within this state
includes income from tangible or intangible property located or having a situs
in this state and income from any activities carried on in this state,
regardless of whether carried on in intrastate, interstate or foreign commerce.
     (3) Income that constitutes net long-term
capital gain described in ORS 317.063 shall be taxed at the rate imposed under
ORS 317.063. [1955 c.334 §2; 1957 c.607 §9; 1957 c.633 §1; 1961 c.55 §1;
subsection (3) enacted as 1961 c.55 §2; 1975 c.368 §7; 1983 c.162 §44; 1999
c.21 §49; 2001 c.545 §5; 2005 c.94 §89]
     318.030 [1955 c.334 §3; 1957 c.74 §3; 1965 c.154 §5;
1965 c.460 §5; 1967 c.592 §10; 1969 c.166 §7; 1969 c.493 §96a; 1969 c.681 §7;
1971 c.283 §5; 1973 c.115 §6; 1973 c.753 §7; 1977 c.866 §6; 1979 c.414 §6; 1979
c.561 §7; 1979 c.578 §10; repealed by 1983 c.162 §45 (318.031 enacted in lieu
of 318.030)]
     318.031
Provisions in ORS chapters 305, 314, 315 and 317 incorporated into corporation
income tax law. It being the
intention of the Legislative Assembly that this chapter and ORS chapter 317
shall be administered as uniformly as possible (allowance being made for the
difference in imposition of the taxes), ORS 305.140 and 305.150, ORS chapter
314 and the following sections are incorporated into and made a part of this
chapter: ORS 285C.309, 315.104, 315.134, 315.141, 315.156, 315.204, 315.208,
315.213, 315.254, 315.304, 315.507, 315.511 and 315.604 (all only to the extent
applicable to a corporation) and ORS chapter 317. [1983 c.162 §46 (enacted in
lieu of 318.030); 1984 c.1 §13; 1985 c.761 §23; 1987 c.293 §49; 1987 c.911 §8f;
1989 c.625 §24; 1989 c.911 §5; 1991 c.457 §15; 1991 c.652 §11; 1991 c.928 §5;
1993 c.730 §6; 1995 c.79 §171; 1997 c.835 §41; 1999 c.21 §50; 1999 c.358 §5;
2001 c.114 §43; 2001 c.292 §13; 2001 c.674 §12; 2001 c.932 §11; 2001 c.957 §19;
2005 c.80 §3; 2005 c.94 §90; 2007 c.739 §8]
     Note: The amendments to 318.031 by section 4,
chapter 883,
     318.031. It being the intention of the Legislative
Assembly that this chapter and ORS chapter 317 shall be administered as
uniformly as possible (allowance being made for the difference in imposition of
the taxes), ORS 305.140 and 305.150, ORS chapter 314 and the following sections
are incorporated into and made a part of this chapter: ORS 285C.309, 315.134,
315.141, 315.156, 315.204, 315.208, 315.213, 315.254, 315.304, 315.507, 315.511
and 315.604 (all only to the extent applicable to a corporation) and ORS
chapter 317.
     318.040
Exempt corporations. In
addition to the corporations exempt from the provisions of this chapter by the
incorporation in this chapter of ORS 317.080, there shall also be exempt those
foreign corporations whose activities in this state are confined to purchases
of personal property, and the storage thereof incident to shipment outside the
state, unless such foreign corporation is an affiliate of another foreign or
domestic corporation which is doing business in Oregon or is subject to this
chapter. Whether or not corporations are affiliated shall be determined as
provided in section 1504 of the Internal Revenue Code. [1955 c.334 §4; 1977
c.866 §7; 1984 c.1 §14; 1985 c.802 §34]
     318.044 [1957 s.s. c.15 §§14,15; 1971 c.724 §2; 1977
c.89 §2; repealed by 1983 c.162 §57]
     318.046 [1957 s.s. c.15 §§16,17; 1959 c.92 §3;
repealed by 1983 c.162 §57]
     318.048 [1965 c.178 §6; repealed by 1983 c.162 §57]
     318.050 [1955 c.334 §6; repealed by 1977 c.866 §9]
     318.060
Rules and regulations; personnel. The Department of Revenue is authorized to employ such personnel, and
prescribe and prepare such rules, regulations, forms and tables as are
necessary to place this chapter in operation. [1955 c.334 §7; 1957 c.528 §5]
     318.070
Disposition of revenue. The
net revenue from the tax imposed by this chapter shall be paid over to the
State Treasurer and held in the General Fund as miscellaneous receipts
available generally to meet any expense or obligation of the State of
     318.080 [1981 c.720 §20; repealed by 1993 c.730 §9
(315.134 enacted in lieu of 316.084, 317.133 and 318.080)]
     318.085 [1991 c.859 §7; repealed by 1993 c.730 §27
(315.254 enacted in lieu of 316.151, 317.141 and 318.085)]
     318.090 [1981 c.778 §38; repealed by 2003 c.46 §45]
     318.100 [1983 c.162 §49; repealed by 1995 c.79 §172]
     318.102 [1985 c.438 §6; repealed by 1993 c.730 §13
(315.148 enacted in lieu of 316.098, 317.150 and 318.102)]
     318.104 [1985 c.521 §5; repealed by 1993 c.730 §17
(315.156 enacted in lieu of 316.091, 317.148 and 318.104)]
     318.106
ORS 317.151 as part of chapter.
ORS 317.151, during its existence and as it may be amended, is incorporated
into this chapter and made a part hereof. [1985 c.695 §4]
     318.110 [1985 c.749 §5; repealed by 1993 c.730 §7
(315.104 enacted in lieu of 316.094, 317.102 and 318.110)]
     318.130
ORS 317.329 as part of chapter.
ORS 317.329, during its existence and as it may be amended, is incorporated
into this chapter by reference and made a part hereof. [1985 c.802 §21d]
     318.160 [1987 c.682 §9; repealed by 1993 c.730 §23
(315.208 enacted in lieu of 316.132, 317.114 and 318.160)]
     318.170 [1987 c.591 §17; repealed by 1997 c.170 §33]
     318.175 [1987 c.682 §8; repealed by 1993 c.730 §21
(315.204 enacted in lieu of 316.134, 317.135 and 318.175)]
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