ORS Chapter 314 - Oregon Statutes - USA Laws Searching

ORS Chapter 314

Chapter 314 — TaxesImposed Upon or Measured by Net Income

 

2009 EDITION

 

 

INCOMETAXATION GENERALLY

 

REVENUEAND TAXATION

 

GENERALPROVISIONS

 

314.011     Definitions;conformance with federal income tax law

 

314.015     Soccerreferees considered independent contractors

 

314.021     Applicationof chapter

 

314.023     Applicationto partners in domestic partnership and to surviving partners

 

314.029     Applicationof Deficit Reduction Act of 1984 (P.L. 98-369) and Simplification ofImputed Interest Rules of 1985 (P.L. 99-121) to personal income tax

 

314.031     Applicationof Deficit Reduction Act of 1984 (P.L. 98-369) and Simplification ofImputed Interest Rules of 1985 (P.L. 99-921) to corporate excise andincome tax

 

314.033     Applicationof federal Tax Reform Act of 1986 (P.L. 99-514)

 

314.035     Applicationof Omnibus Budget Reconciliation Act of 1987 (P.L. 100-203), Family Support Actof 1988 (P.L. 100-485) and Technical and Miscellaneous Revenue Act of 1988(P.L. 100-647)

 

314.037     Applicationof P.L. 101-140, Omnibus Budget Reconciliation Act of 1989 (P.L. 101-239) andOmnibus Budget Reconciliation Act of 1991 (P.L. 101-508)

 

314.039     Applicationof P.L. 102-2, Comprehensive National Energy Policy Act of 1992 (P.L. 102-486),Unemployment Compensation Amendments of 1992 (P.L. 102-318), Tax Extension Actof 1991 (P.L. 102-227) and Emergency Unemployment Compensation Act of 1991(P.L. 102-164)

 

314.041     Applicationof Revenue Reconciliation Act of 1993 (P.L. 103-66), the Uruguay RoundAgreements Act (P.L. 103-465) and P.L. 104-7

 

314.043     Applicationof ICC Termination Act of 1995 (P.L. 104-88), P.L. 104-117, OmnibusConsolidated Rescissions and Appropriations Act of 1996 (P.L. 104-134), SmallBusiness Job Protection Act of 1996 (P.L. 104-188), Health InsurancePortability and Accountability Act of 1996 (P.L. 104-191) and PersonalResponsibility and Work Opportunity Reconciliation Act of 1996 (P.L. 104-193)

 

314.045     Applicationof Taxpayer Relief Act of 1997 (P.L. 105-34), Taxpayer Browsing ProtectionAct (P.L. 105-35), Balanced Budget Act of 1997 (P.L. 105-33), Internal RevenueService Restructuring and Reform Act of 1998 (P.L. 105-206), TransportationEquity Act for the 21st Century (P.L. 105-178) and Tax and Trade ReliefExtension Act of 1998 (P.L. 105-277)

 

314.047     Applicationof Tax Relief Extension Act of 1999 (P.L. 106-170) and FSC Repeal andExtraterritorial Income Exclusion Act of 2000 (P.L. 106-519)

 

314.049     Applicationof Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) andJob Creation and Worker Assistance Act of 2002 (P.L. 107-147)

 

314.051     Applicationof Veterans Benefit Act of 2002 (P.L. 107-330), Jobs and Growth Tax ReliefReconciliation Act of 2003 (P.L. 108-27), Military Family Tax Relief Act of2003 (P.L. 108-121), Working Families Tax Relief Act of 2004(P.L. 108-311) and American Jobs Creation Act of 2004 (P.L. 108-357)

 

314.053     Applicationof Deficit Reduction Act of 2005 (P.L. 109-171), Tax Increase Preventionand Reconciliation Act of 2005 (P.L. 109-222) and Pension Protection Act of2006 (P.L. 109-280)

 

314.055     Applicationof Energy Independence and Security Act of 2007 (P.L. 110-140), the MortgageForgiveness Debt Relief Act of 2007 (P.L. 110-142), the Tax Increase PreventionAct of 2007 (P.L. 110-166) and the Tax Technical Corrections Act of 2007(P.L. 110-172)

 

314.057     Applicationof Economic Stimulus Act of 2008 (P.L. 110-185), the Heroes EarningsAssistance and Relief Tax Act of 2008 (P.L. 110-245), the Food, Conservation,and Energy Act of 2008 (P.L. 110-246), the Housing and Economic RecoveryAct of 2008 (P.L. 110-289), the Emergency Economic Stabilization Act of2008, the Energy Improvement and Extension Act of 2008 and the Tax Extendersand Alternative Minimum Tax Relief Act of 2008 (P.L. 110-343) and theFostering Connections to Success and Increasing Adoptions Act of 2008 (P.L.110-351)

 

314.059     Applicationof American Recovery and Reinvestment Act of 2009 (P.L. 111-5)

 

314.075     Evadingrequirements of law prohibited

 

314.078     Determinationof tax credit amounts

 

314.080     Venueon failure to comply with law

 

314.085     Taxableyear; rules

 

314.088     Dischargeof tax liability when taxpayer dies while performing military service

 

314.091     Abeyanceof tax during periods of active duty military service

 

ADJUSTMENTOF RETURNS

 

314.105     Definitionsfor ORS 314.105 to 314.135

 

314.115     Adjustmentto correct effect of certain errors; use limited

 

314.125     Whenadjustment may be made

 

314.135     Computation;method of adjustment; credit or setoff limited; recovery after payment limited

 

314.140     Adjustmentof returns of related taxpayers after reallocation of income or deduction onfederal return

 

POLLUTIONCONTROL FACILITIES

 

314.255     Collectionof taxes due after revocation of certification of pollution control facility;exceptions to tax relief allowed for pollution control facility

 

LOBBYINGEXPENDITURES

 

314.256     Lobbyingexpenditures; proxy tax; rules

 

CONVEYANCEOF REAL ESTATE

 

314.258     Withholdingin certain conveyances of real estate; rules

 

REMICSAND FASITS

 

314.260     Taxationof real estate mortgage investment conduits

 

314.265     Taxationof financial asset securitization investment trusts

 

METHODSOF ACCOUNTING AND REPORTING INCOME

 

314.276     Methodof accounting

 

314.280     Allocationof income of financial institution or public utility from business within and withoutstate; rules; alternative apportionment for electing utilities ortelecommunications taxpayers

 

314.287     Costsallocable to inventory

 

314.295     Apportionmentor allocation where two or more organizations, trades or businesses are ownedor controlled by the same interests

 

314.296     Expensepaid to related member for use of intangible property

 

314.297     Electionfor alternative determination of farm income; computation of income; rules

 

314.300     Passiveactivity loss; determination; treatment; rules

 

314.302     Intereston deferred tax liabilities with respect to installment obligations; rules

 

314.306     Incomefrom discharge of indebtedness; bankruptcy; insolvency

 

314.307     Definitions;reportable transactions

 

314.308     Reportabletransactions; rules

 

LIABILITYOF TRANSFEREE OR OWNER OF TRUST

 

314.310     Liabilityof transferee of taxpayer for taxes imposed on taxpayer

 

314.330     Lienif grantor or other person determined to be owner of trust

 

RETURNS

 

314.355     Returnswhen tax year changed

 

314.360     Informationreturns

 

314.362     Filingreturn on magnetic media or other machine-readable form; rules

 

314.370     Departmentrequiring return or supplementary return

 

314.380     Furnishingcopy of federal or other state return or report; action required when returnfiled or changed or tax assessed

 

314.385     Formof returns; time for filing; alternative filing formats; rules

 

314.395     Timefor payment of tax; interest on delayed return

 

314.397     Mannerof payment

 

314.400     Penaltyfor failure to file report or return or to pay tax when due; interest;limitation on penalty

 

314.401     Deminimis tax payment not required

 

314.402     Understatementof taxable income; penalty; waiver of penalty

 

314.403     Listedtransaction understatement; penalty

 

314.404     Penaltyfor failure to report reportable transaction

 

314.406     Penaltyfor promotion of abusive tax shelter

 

COLLECTINGDELINQUENT TAXES; LIENS; INTEREST AND ADDITIONS TO TAX; REFUNDS

 

314.407     Assessmentof taxes owing but not submitted with return; time of assessment; recording ofwarrant

 

314.410     Timelimit for notice of deficiency; circumstances when claim for refund may bereduced after time limit; time limit for refund or notice of deficiency forpass-through entity items

 

314.412     Issuingof notice of deficiency attributable to involuntary conversion; time limit

 

314.415     Refunds;interest; credits

 

314.417     Unpaidtax or withholding lien at time of assessment

 

314.419     Foreclosureof lien

 

314.421     Whenlien valid

 

314.423     Statusof lien

 

314.425     Examiningbooks, records or persons

 

314.430     Warrantfor collection of taxes

 

314.440     Taxas debt; termination of taxable period and immediate assessment of tax

 

314.466     Audits,deficiencies, assessments, refunds and appeals governed by ORS chapter 305

 

314.469     Treatmentof moneys collected under ORS 314.406

 

(Temporaryprovisions relating to tax amnesty program are compiled as notes following ORS314.469)

 

ESTIMATEDTAX PROCEDURE

 

314.505     Estimateof tax liability by corporations; rules

 

314.515     Installmentschedule for payment of estimated tax

 

314.518     Estimatedtax payments by electronic funds transfer; phase-in; rules

 

314.520     Stateagency authority over certain electronic funds transfer payments

 

314.525     Underpaymentof estimated tax; interest; nonapplicability of penalties

 

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