There is a newer version
of
this Section
2019 Oregon Revised Statutes
Volume : 08 - Revenue and Taxation
Chapter 317A - Corporate Activity Tax
Section 317A.122 - Exclusion for subcontracting payments.
Universal Citation: OR Rev Stat § 317A.122 (2019)
An exclusion from taxable commercial activity shall be allowed for subcontracting payments for labor costs that are made by a general contractor, as defined in ORS 701.005, to a subcontractor, as defined in ORS 701.410, pursuant to a contract for residential real estate construction. The exclusion under this section:
(1) Shall be allowed only for single-family residential construction located in Oregon;
(2) Is not allowed for payment for materials, land or permits;
(3) Is not allowed for payments between subcontractors; and
(4) Shall be 15 percent of payments for labor by the general contractor. [2019 c.579 §58]
Note: Section 59, chapter 579, Oregon Laws 2019, provides:
Sec. 59. Section 58 of this 2019 Act [317A.122] applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. [2019 c.579 §59]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
