Oregon Code § 316.472·Enacted ·Last updated March 01, 2026
Statute Text
Tax
treatment of common trust fund; information return required.
(1) The tax treatment of common
trust funds and participants therein, under this chapter, is governed by the
provisions of the Internal Revenue Code.
(2) Every
financial institution or trust company maintaining a common trust fund shall
make a return to the Department of Revenue for each tax year, stating
specifically, with respect to such fund, the items of gross income and
deductions, and shall include in the return information sufficient to identify
the trusts and estates entitled to share in the net income of the common trust
fund and the amount of the proportionate share of each such participant. The
return shall be made at such time as is designated by the department. [1969
c.493 §69; 1997 c.631 §456]
Plain English Explanation
This Oregon statute addresses Tax
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 316.472
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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