Source: https://www.oregonlaws.org/ors/2007/317.267
Timestamp: 2019-11-18 15:19:53
Document Index: 595973155

Matched Legal Cases: ['§13', '§9', '§33', '§38', '§119', '§8', '§21', '§21', '§2', '§33']

ORS 317.267 - Dividends received by corporation from certain other corporations - 2007 Oregon Revised Statutes
2007 ORS Vol. 8 Chapter 317 Section 317.267
2007 ORS 317.267¹
Dividends received by corporation from certain other corporations
(1) To derive Oregon taxable income, there shall be added to federal taxable income amounts received as dividends from corporations deducted for federal purposes pursuant to section 243 or 245 of the Internal Revenue Code, except section 245(c) of the Internal Revenue Code, amounts paid as dividends by a public utility or telecommunications utility and deducted for federal purposes pursuant to section 247 of the Internal Revenue Code or dividends eliminated under Treasury Regulations adopted under section 1502 of the Internal Revenue Code that are paid by members of an affiliated group that are eliminated from a consolidated federal return pursuant to ORS 317.715 (Tax return of corporation in affiliated group making consolidated federal return) (2).
(b) In the case of any dividend received from a 20 percent owned corporation, as defined in section 243(c) of the Internal Revenue Code, this subsection shall be applied by substituting "80 percent" for "70 percent."
(3) There shall be excluded from the sales factor of any apportionment formula employed to attribute income to this state any amount subtracted from federal taxable income under subsection (2) of this section. [1983 c.162 §13; 1984 c.1 §9; 1985 c.802 §33; 1987 c.293 §38; 1987 c.447 §119; 1987 c.911 §8i; 1989 c.625 §21; 2003 c.77 §21; 2005 c.80 §2; 2005 c.832 §33]