reglab/housing_qa huggingface dataset:
OR Rev Stat § 317.131 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.131 - Distribution of funds to local governments.

(1) For each tax year in which a taxpayer is allowed a credit under ORS 317.124, the Department of Revenue shall distribute to the local taxing districts in which the facility that is the basis of the credit is located an amount of tax payments that corresponds to the amount of payments deposited under ORS 317.129. (2)(a) Amounts to be distributed under subsection (1) of this section shall be distributed to the local taxing districts of the code area in which the facility is located that are not school districts, education service districts, community college districts or community college service districts. (b) If the facility is located in more than one code area, amounts to be distributed under subsection (1) of this section shall be allocated to each code area in which the facility is located, based on the ratio of the real market value of the facility in each code area to the total real market value of the facility. (c) The amount distributed to each district under subsection (1) of this section shall be the amount that bears the same proportion to the total amount to be distributed under this section as the proportion of the operating tax billing rate of the district receiving distribution bears to the total operating tax billing rate of all of the local taxing districts described in paragraph (a) of this subsection. (d) Notwithstanding paragraph (b) of this subsection, the amount distributed to a local taxing district under subsection (1) of this section for a fiscal year may not exceed the amount of property taxes forgone by that district as a result of the exemption from property tax under ORS 285C.409 in that year. (3) If any moneys described in subsection (1) of this section remain following computation of the distributions to local taxing districts under subsection (2) of this section, the moneys shall be distributed to the zone sponsor. (4) Distributions shall be made under this section on or before June 1 of each fiscal year. [2001 c.292 §12; 2005 c.667 §6]
OR Rev Stat § 317.152 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.152 - Qualified research activities credit.

(1) A credit against taxes otherwise due under this chapter shall be allowed to eligible taxpayers for increases in qualified research expenses and basic research payments. The credit shall be determined in accordance with section 41 of the Internal Revenue Code, except as follows: (a) The applicable percentage specified in section 41(a) of the Internal Revenue Code shall be five percent. (b) "Qualified research" and "basic research" shall consist only of research conducted in Oregon. (c) The following do not apply to the credit allowable under this section: (A) Section 41(c)(4) of the Internal Revenue Code (relating to the alternative incremental credit). (B) Section 41(h) of the Internal Revenue Code (relating to termination of the federal credit). (2) For purposes of this section, "eligible taxpayer" means a corporation, other than a corporation excluded under Internal Revenue Code section 41(e)(7)(E). (3) The Income Tax Regulations as prescribed by the Secretary of the Treasury under authority of section 41 of the Internal Revenue Code apply for purposes of this section, except as modified by this section or as provided in rules adopted by the Department of Revenue. (4) The maximum credit under this section may not exceed $1 million. (5) A deduction may not be taken for the portion of expenses or payments, otherwise allowable as a deduction, that is equal to the amount of the credit claimed under this section. (6) Any tax credit that is otherwise allowable under this section and that is not used by the taxpayer in that year may be carried forward and offset against the taxpayer’s tax liability for the next succeeding tax year. Any credit remaining unused in such next succeeding tax year may be carried forward and used in the second succeeding tax year, and likewise any credit not used in that second succeeding tax year may be carried forward and used in the third succeeding tax year, and any credit not used in that third succeeding tax year may be carried forward and used in the fourth succeeding tax year, and any credit not used in that fourth succeeding tax year may be carried forward and used in the fifth succeeding tax year, but may not be carried forward for any tax year thereafter. [1989 c.911 §2; 1991 c.457 §12; 1993 c.726 §42; 1993 c.813 §11; 1995 c.79 §167; 1995 c.556 §14; 1995 c.746 §9; 1997 c.839 §33; 1999 c.90 §25; 2001 c.660 §50; 2003 c.739 §12; 2005 c.832 §51; 2011 c.730 §§8,8a]
OR Rev Stat § 317.153 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.153 - Qualified research activities; election between credits; rules.

A taxpayer may elect to claim the credit allowed under ORS 317.152 or the credit allowed under ORS 317.154, but may not claim both credits in the same tax year. The election shall be made in the manner and within the time adopted by the Department of Revenue by rule. [1989 c.911 §3]
OR Rev Stat § 317.154 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.154 - Alternative qualified research activities credit.

(1) A credit against taxes otherwise due under this chapter shall be allowed for qualified research expenses that exceed 10 percent of Oregon sales. (2) For purposes of this section: (a) "Oregon sales" shall be computed using the laws and administrative rules for calculating the numerator of the Oregon sales factor under ORS 314.665. (b) "Qualified research" has the meaning given the term under section 41(d) of the Internal Revenue Code and shall consist only of research conducted in Oregon. (3) The credit under this section is equal to five percent of the amount by which the qualified research expenses exceed 10 percent of Oregon sales. (4) The credit under this section shall not exceed $10,000 times the number of percentage points by which the qualifying research expenses exceed 10 percent of Oregon sales. (5) The maximum credit under this section may not exceed $1 million. (6) A deduction may not be taken for the portion of expenses or payments, otherwise allowable as a deduction, that is equal to the amount of the credit claimed under this section. (7) Any tax credit that is otherwise allowable under this section and that is not used by the taxpayer in that year may be carried forward and offset against the taxpayer’s tax liability for the next succeeding tax year. Any credit remaining unused in such next succeeding tax year may be carried forward and used in the second succeeding tax year, and likewise any credit not used in that second succeeding tax year may be carried forward and used in the third succeeding tax year, and any credit not used in that third succeeding tax year may be carried forward and used in the fourth succeeding tax year, and any credit not used in that fourth succeeding tax year may be carried forward and used in the fifth succeeding tax year, but may not be carried forward for any tax year thereafter. [1989 c.911 §4; 1995 c.746 §10; 2001 c.660 §51; 2003 c.739 §13; 2005 c.832 §52; 2011 c.730 §9; 2013 c.750 §38] Note: Section 6, chapter 911, Oregon Laws 1989, provides: Sec. 6. ORS 317.152 to 317.154 [series became 317.152, 317.153 and 317.154] apply to amounts paid or incurred in tax years beginning on or after January 1, 1989, and before January 1, 2018. [1989 c.911 §6; 1995 c.746 §14; 2001 c.548 §1; 2003 c.739 §15; 2005 c.94 §86; 2011 c.730 §7]
OR Rev Stat § 317.190 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.190 - Effect on reporting income.

In the case of the dissolution of a taxpayer, gains, profits and income are to be returned for the tax year in which they are received by the taxpayer, unless they have been reported at an earlier period in accordance with the approved method of accounting followed by the taxpayer. If a taxpayer is dissolved, there shall also be included in computing Oregon taxable income of the taxpayer for the taxable period in which it is dissolved amounts accrued up to the date of dissolution if not otherwise properly includable in respect of such period or a prior period, regardless of the fact that the taxpayer may have kept its books and made its returns on the basis of cash receipts and disbursements. This section shall not apply with respect to crops not harvested within said taxable period or to livestock. [1955 c.205 §2; 1983 c.162 §9]
OR Rev Stat § 317.195 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.195 - Effect on deductions allowed.

In the case of the dissolution of a taxpayer there shall be allowed as deductions for the taxable period in which the taxpayer dissolved, regardless of the fact that the taxpayer may have kept its books and made its returns on the basis of cash receipts and disbursements, amounts accrued up to the date of dissolution if not otherwise properly allowable in respect of such period or a prior period under this chapter. [1955 c.205 §3]
OR Rev Stat § 317.197 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.197

[1969 c.600 §§3,4,6; 1973 c.402 §22; 1981 c.705 §4; 1983 c.162 §32; renumbered 317.655]
OR Rev Stat § 317.199 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.199

[1969 c.600 §7; 1983 c.162 §33; renumbered 317.660]
OR Rev Stat § 317.259 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.259 - Modifications generally.

Federal taxable income, adopted under ORS 317.013 and 317.018, shall be modified as provided by law. Each modification authorized under law shall be allowed only to the extent that the modification is allocated and apportioned to Oregon income, except as otherwise specifically provided by law. [1983 c.162 §12; 1987 c.293 §37; 1995 c.79 §168; 2005 c.94 §87]
OR Rev Stat § 317.273 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.273 - Dividend income received by domestic corporation from certain foreign corporations.

To derive Oregon taxable income, there shall be subtracted from federal taxable income dividend income with respect to the "gross-up" provisions of section 78 of the Internal Revenue Code. [1983 c.162 §14]
OR Rev Stat § 317.283 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.283 - Nonrecognition of transactions with related domestic international sales corporation; tax treatment of commissions.

(1) To derive Oregon taxable income, federal taxable income shall be modified to the extent necessary to not recognize for Oregon tax purposes any transaction between the taxpayer and a related domestic international sales corporation. The taxpayer shall be considered to have entered directly into any transactions with third parties that are treated for federal income tax purposes as having been entered into by a related domestic international sales corporation. To satisfy the requirements of this section: (a) No deduction shall be allowed to any taxpayer for any payment to a related domestic international sales corporation; (b) No income or expense that would be attributed to a taxpayer but for the provisions of sections 991 to 996 of the Internal Revenue Code shall be treated as attributable to a related domestic international sales corporation; and (c) No deduction shall be allowed to a taxpayer for interest on DISC-related deferred tax liability paid pursuant to section 995(f) of the Internal Revenue Code. (2) Notwithstanding subsection (1) of this section, if a domestic international sales corporation is formed on or before January 1, 2014: (a) A tax shall be imposed under this chapter at a rate of 2.5 percent on any commission received by the domestic international sales corporation on or after January 1, 2013; and (b) A deduction shall be allowed for commission payments to the domestic international sales corporation made on or after January 1, 2013, if the tax in paragraph (a) of this subsection is imposed on the commission. (3) As used in this section, "domestic international sales corporation" means a domestic international sales corporation as defined in section 992 of the Internal Revenue Code. [1985 c.802 §22d; 2013 s.s. c.5 §6a; 2014 c.114 §2]
OR Rev Stat § 317.285 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.285

[Amended by 1957 s.s. c.15 §9; 1971 c.724 §1; 1977 c.89 §1; 1981 c.613 §4; 1983 c.162 §29; renumbered 317.368]
OR Rev Stat § 317.286 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.286 - Nonrecognition of transactions with related foreign sales corporation.

(1) To derive Oregon taxable income, federal taxable income shall be modified to the extent necessary to not recognize for Oregon tax purposes any transaction between the taxpayer and a related foreign sales corporation. The taxpayer shall be considered to have entered directly into any transactions with third parties that are treated for federal income tax purposes as having been entered into by a related foreign sales corporation. To satisfy the requirements of this section: (a) No deduction shall be allowed to a taxpayer for any payment to a related foreign sales corporation; and (b) No income or expense that would be attributed to a taxpayer but for the provisions of sections 921 to 927 of the Internal Revenue Code shall be treated as attributable to a related foreign sales corporation. (2) As used in this section, "foreign sales corporation" means a foreign sales corporation as defined in section 922 of the Internal Revenue Code. [1985 c.802 §22e]
OR Rev Stat § 317.290 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.290

[Amended by 1983 c.162 §30; renumbered 317.374]
OR Rev Stat § 317.297 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.297

[1957 s.s. c.15 §§11,12; 1959 c.92 §2; 1983 c.162 §36; renumbered 317.476]
OR Rev Stat § 317.299 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.299

[1969 c.600 §8; 1983 c.162 §34; renumbered 317.665]
OR Rev Stat § 317.301 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.301 - Deferral of deduction for certain amounts deductible under federal law.

(1) There shall be added to federal taxable income for Oregon tax purposes the difference between the amount allowable as a deduction under section 108 of the Internal Revenue Code as applicable to the tax year of the taxpayer and the amount allowable as a deduction under section 108 of the Internal Revenue Code as amended and in effect on December 31, 2008, as applicable to the tax year of the taxpayer. (2) There shall be added to federal taxable income for Oregon tax purposes the difference between the amount allowable as a deduction under section 168(k) of the Internal Revenue Code as applicable to the tax year of the taxpayer and the amount allowable as a deduction under section 168(k) of the Internal Revenue Code as amended and in effect on December 31, 2008, as applicable to the tax year of the taxpayer. (3) There shall be added to federal taxable income for Oregon tax purposes the difference between the amount allowable as a deduction under section 179 of the Internal Revenue Code as applicable to the tax year of the taxpayer and the amount allowable as a deduction under section 179 of the Internal Revenue Code as amended and in effect on December 31, 2008, as applicable to the tax year of the taxpayer. (4) Amounts added to federal taxable income for Oregon tax purposes under subsections (1) to (3) of this section may thereafter be subtracted from federal taxable income for Oregon tax purposes in the tax year for which the amounts would have been allowed as a deduction on the taxpayer’s federal income tax return under the Internal Revenue Code as amended and in effect on December 31, 2008, as applicable to the tax year of the taxpayer. [2009 c.909 §39; 2011 c.7 §30] Note: Section 31, chapter 7, Oregon Laws 2011, provides: Sec. 31. ORS 316.739 and 317.301 apply to tax years beginning on or after January 1, 2009, and before January 1, 2011. [2011 c.7 §31]
OR Rev Stat § 317.303 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.303 - Deduction or adjustment for certain federal credits.

If a taxpayer has taken a federal credit, which requires as a condition of the use of the federal credit the reduction of a corresponding deduction or basis, and the federal credit is not allowable for Oregon purposes, the taxpayer shall be allowed the deduction or appropriate adjustment to basis to derive Oregon taxable income. [1983 c.162 §17]
OR Rev Stat § 317.304 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.304 - Addition for unused qualified business credits.

There shall be added to federal taxable income the amount taken as a deduction on the taxpayer’s federal return for unused qualified business credits under section 196 of the Internal Revenue Code. [1995 c.556 §16]
OR Rev Stat § 317.307 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.307 - Reduction for charitable contribution deduction under federal law; subtraction.

There shall be subtracted from federal taxable income the amount by which a corporation must reduce its charitable contribution deduction under section 170(d)(2)(B) of the Internal Revenue Code (relating to carryovers of excess contributions for corporations). [1995 c.556 §17; 1997 c.839 §35]
OR Rev Stat § 317.309 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.309 - Interest and dividends received from obligations of state or political subdivision.

(1) To derive Oregon taxable income, there shall be added to federal taxable income the amount of any interest or dividends received during the taxable year from obligations of a state or any political subdivision of a state (including Oregon), exempt from federal taxation under the Internal Revenue Code. However, the amount added under this subsection shall be reduced by any interest on indebtedness incurred to carry the obligations or securities described in this subsection, and by any expenses incurred in the production of interest or dividend income described in this subsection. (2) A regulated investment company as defined in section 851 of the Internal Revenue Code which distributes dividends in excess of those deducted in the computation of federal taxable income, shall to the extent of the amount added under subsection (1) of this section, deduct such distributed excess in arriving at Oregon taxable income. (3) To derive Oregon taxable income, and subject to the other provisions of this chapter, discount and gain or loss on retirement or disposition of obligations described under subsection (1) of this section issued on or after January 1, 1985, shall be treated in the same manner as under sections 1271 to 1283 and other pertinent sections of the Internal Revenue Code as if the obligations, although issued by a state or a political subdivision of a state, were not tax exempt under the Internal Revenue Code. [1983 c.162 §18; 1985 c.802 §23; 1987 c.293 §39]
OR Rev Stat § 317.310 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.310 - Balance in bad debt reserve of financial institution which has changed from reserve method to specific charge-off method of accounting.

(1) To derive Oregon taxable income of a financial institution which has changed from the reserve method of accounting to the specific charge-off method of accounting for federal tax purposes, there shall be subtracted from federal taxable income amounts which the financial institution recognized pursuant to section 585(c)(3) of the Internal Revenue Code. (2) To derive Oregon taxable income, after the modification prescribed in subsection (1) of this section, the balance in the reserve for bad debts, as determined under ORS 317.333 (2) (1985 Replacement Part), shall be taken into income using the same method as the financial institution used for federal tax purposes pursuant to section 585(c)(3) of the Internal Revenue Code. (3) Subsections (1) and (2) of this section shall not apply to bad debt reserves for which an election under section 585(c)(4) of the Internal Revenue Code has been made. A financial institution which uses the method described in section 585(c)(4) of the Internal Revenue Code shall apply that same method to the balance in the reserve for bad debts, as determined under ORS 317.333 (2) (1985 Replacement Part), and adjust its Oregon taxable income accordingly. [1987 c.293 §44]
OR Rev Stat § 317.311 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.311 - Application of section 243 of Tax Reform Act of 1986.

Section 243 of the Tax Reform Act of 1986 (P.L. 99-514) does not apply for purposes of determining taxable income under this chapter. [1987 c.293 §44a; 2005 c.94 §88]
OR Rev Stat § 317.312 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.312 - Federal depreciation expenses of certain health care service contractors.

To derive Oregon taxable income, for certain health care service contractors for which federal tax exempt status was denied by section 501(m) of the Internal Revenue Code, and for which all assets owned by the health care service contractor prior to the effective date of the denial of exempt status are treated as placed in service on such effective date for federal tax purposes, no adjustment shall be made to federal depreciation expense. [1987 c.293 §44b]
OR Rev Stat § 317.314 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 317 - Corporation Excise Tax|Section 317.314 - Taxes on net income or profits imposed by any state or foreign country; nondeductible taxes and license fees; taxes paid to foreign country for certain income.

(1) To derive Oregon taxable income, there shall be added to federal taxable income taxes upon or measured by net income or profits imposed by any foreign country (including withholding taxes upon the payment of dividends arising from sources within such foreign country), this state or any state or territory deducted in computing federal taxable income. (2) There shall be subtracted from federal taxable income the taxes and license fees imposed by counties, cities and other political subdivisions of this state and other states, if such taxes and fees are not deductible in arriving at federal taxable income. (3) There shall be subtracted from federal taxable income the taxes paid to a foreign country upon the payment of interest or royalties arising from sources within such foreign country, if such taxes are not deductible in arriving at federal taxable income and if the interest or royalties are included in arriving at Oregon taxable income. [1983 c.162 §19; 1984 c.1 §10]