Oregon Code § 314.307·Enacted ·Last updated March 01, 2026
Statute Text
Definitions; reportable transactions.
As used in this section and ORS 314.308, 314.403 and 314.404:
(1) Listed
transaction means any of the following transactions:
(a) A listed
transaction under section 6707A of the Internal Revenue Code.
(b) A transaction
without economic substance in which an Oregon taxable corporation:
(A) Transfers
income-producing assets to a real estate investment trust owned directly or
indirectly by the corporation; and
(B) With respect
to dividends paid from the real estate investment trust, claims a
dividend-received deduction and the real estate investment trust claims a
dividend-paid deduction.
(c) A transaction
without economic substance in which an Oregon taxable corporation:
(A) Transfers
income-producing assets to a regulated investment company owned directly or
indirectly by the corporation; and
(B) With respect
to dividends paid from the regulated investment company, claims a
dividend-received deduction and the regulated investment company claims a
dividend-paid deduction.
(2) Oregon
taxable corporation means a corporation:
(a) That does
business in Oregon, is organized in Oregon or has income from Oregon sources;
or
(b) That is owned
by an Oregon income or corporate excise taxpayer.
(3) Reportable
transaction means a transaction:
(a) That is a
reportable transaction under section 6707A of the Internal Revenue Code; or
(b) That is a
listed transaction.
(4) Transaction
without economic substance means a transaction for which the taxpayer cannot
demonstrate a business purpose other than tax savings. [2007 c.568 §2; 2013
c.176 §6]