Oregon Code § 314.768·Enacted ·Last updated March 01, 2026
Statute Text
S
corporation or shareholder elections; rules.
(1) Subject to subsection (2) of this section, if the
Internal Revenue Code requires or permits an election or revocation to be made
by an S corporation, then that election or revocation shall apply for Oregon
tax purposes. If the Internal Revenue Code requires or permits an election or
revocation to be made by a shareholder or shareholders of an S corporation,
then that election or revocation shall apply for Oregon tax purposes.
(2) The
Department of Revenue may adopt rules that contravene subsection (1) of this
section if the election or revocation does not carry out the purposes of this
chapter and ORS chapter 305, 316, 317 or 318. [Formerly 314.744]
Plain English Explanation
This Oregon statute addresses S
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 314.768
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses S
. Read the full statute text above for details.
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