Oregon Code § 316.317·Enacted ·Last updated March 01, 2026
Statute Text
Credit
to beneficiary for accumulation distribution.
A nonresident beneficiary of a trust whose adjusted
gross income derived from sources in this state includes all or part of an
accumulation distribution by such trust, as defined in section 665 of the
Internal Revenue Code, shall be allowed a credit against the tax otherwise due
under this chapter, computed in the same manner and subject to the same
limitation as provided by ORS 316.298 with respect to a resident beneficiary. [1969
c.493 §50]
Plain English Explanation
This Oregon statute addresses Credit
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 316.317
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Credit
. Read the full statute text above for details.
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